NEW YORK (Business Wire EON) May 23, 2008 -- "I am thrilled to announce this acquisition and look forward to seeing the brand accelerate its growth," said Luca Orlandi, founder of Luca Luca. Yildiz Blackstone, longtime President of the Company, adds: "We are very excited about the strategic vision and operational experience that The Equitium Group provides, and through our collective insight and passion we are confident that we will steer the Luca Luca brand in exciting directions, starting with a new flagship store in New York."
Founded in 1992 by Milan-born New York fashion designer Luca Orlandi, the company's ready-to-wear collection has focused on the finest-quality fabrics, bold and romantic colors, and delicate silhouettes. The company's first retail store opened within one year of its founding on Manhattan's premiere shopping destination, Madison Avenue. This retail location brought Mr. Orlandi's signature pieces and dedication to customer relationships to New York's modern, discerning woman and soon created a loyal following of high-end clients, including numerous celebrities. Luca Luca's collection spans eveningwear, dresses, shoes, and handbags and is celebrated for its elaborate construction and sophisticated elegance.
Managing Partner at The Equitium Group, Amir R. Amir said, "We were extremely impressed with Luca Luca's beautiful and elegant designs, exceptional attention to quality, and its deeply embedded customer relationship-oriented culture." Fellow Equitium executive Friedrich von Tucher commented, "We see tremendous opportunities to expand the collection, make the brand more visible, and to enter into new channels, both domestically and internationally."
The Astor Group served as the exclusive financial and strategic advisor to Luca Luca in this transaction.
About The Equitium Group
Based in Miami, Florida, The Equitium Group invests in luxury lifestyle companies. The firm employs an Active Ownership Investment approach by providing on-the-ground management support for each portfolio company. Its portfolio includes one of America's oldest companies, the distinguished personal care company Caswell-Massey, founded in 1752. In addition, Equitium provides general management consulting and financial advisory for companies and investment funds. For more information, visit www.equitiumgroup.com.
About Luca Luca
Luca Luca is a women's luxury fashion design house. Founded in New York in 1992 by Milan-born fashion designer Luca Orlandi, the company designs, markets, and distributes women's ready-to-wear apparel and accessories under the Luca Luca brand name. Its retail network includes stores in New York, Miami, Bal Harbor, Palm Beach, Chicago, and Dallas. It also distributes in high-end boutiques domestically and abroad. For more information, visit www.lucaluca.com.
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