While American retailers slide into bankruptcy The Carlyle Group increased its bet on Italian fashion brand Twin Set--Simona Barbieri. Carlyle bought the remaining 10% from Barbieri who will leave TwinSet's board and resign from her Creative Designer position.
Twinset is a key investment in the fashion and clothing sector at European level, combined with Golden Goose Deluxe Brand and Hunkemoller, following the (Carlyle's) previous investment in Moncler.--Marco De BenedettiPayless Shoes serves customers with less disposable income. Golden Goose serves the top 0.1%. TwinSet markets its products as "accessible luxury."
As TwinSet's co-founder it would interesting to hear Simona Barbieri's take on private equity practices. I'm sure she's experienced much since Carlyle bought 72% of the company in 2012, later upping ownership to 90%. TwinSet took on additional debt to fund a Carlyle dividend in 2014.
It's likely Carlyle purchased her silence in addition to the final 10% stake.