Sources: Giuseppe Zanotti Could Be Exploring Sale

Sources: Giuseppe Zanotti Could Be Exploring
Giuseppe Zanotti

Italian luxe label Giuseppe Zanotti could be the latest footwear player on the block.

The brand’s owner, Vicini SpA, has reportedly appointed adviser Rothschild to complete a strategic review of the business. Bloomberg first reported news of a potential sale on Wednesday, citing sources that said the company could fetch more than $400 million.

After speculation surfaced about a possible deal, financial insiders contacted by Footwear News said a number of private equity bidders could be interested, including London-based Permira Funds, which recently purchased Dr. Martens for 300 pounds, or $484.9 million at current exchange rates. Sources also suggested that Lion Capital, Warburg Pincus and U.K.-based Phoenix Equity Partners could be interested in pursuing the company.

Outside the private equity realm, others said LVMH Moët Hennessy Louis Vuitton could potentially take a look, given its ambitions in the women’s footwear category and its recent acquisition of a majority stake in London-based brand Nicholas Kirkwood.

Spokespeople for Vicini and Rothschild did not return calls seeking comment.