Ethica Group, through its M&A Advisory team, assisted Lanvin Group, a global leader in the Fashion & Luxury sector, in the divestment of menswear company Caruso (Raffaele Caruso S.p.A.).
Founded in 1958 in Soragna, Emilia-Romagna, Caruso specializes in high‑end sartorial manufacturing. The company operates both as an industrial partner for major international fashion houses and as the owner of its namesake brand, which offers menswear collections distributed through a curated network of high‑end multi‑brand retailers. Today, Caruso employs more than 450 people and generates annual revenues of approximately €35 million.
Lanvin Group has sold Raffaele Caruso to MondeVita Italy, part of Mondevo Group, an international investment group backed by private investors and founded by Hussam Otaibi, founder and chairman, and Fabio Brambilla, co‑founder and CEO.
The transaction marks “a change of ownership aimed at providing the company with the resources and long‑term ownership structure needed to support its ongoing growth path, both in its industrial activities and in the development of the Caruso brand, ensuring full continuity in management, strategy and operations,” the statement explains.
Marco Angeloni has been confirmed as CEO and will also become a minority shareholder, further strengthening his long‑term commitment to Caruso’s development. The current management team remains in place, and Max Kibardin will continue to serve as the brand’s creative director. The Soragna production site will remain the core of the company’s operations.
Marco Angeloni, CEO of Raffaele Caruso, stated: “This transaction confirms the path Caruso has taken over the years and reflects a shared passion for Italian culture, lifestyle, and artisanal craftsmanship, as well as for the distinctive identity the brand has built over time. This operation further strengthens Caruso’s foundations and its deeply Italian DNA.”
