Piquadro snaps up Tuscan brand - leatherbiz: Leading news site for the Leatherbiz

News

Piquadro snaps up Tuscan brand

17/11/2016
Piquadro snaps up Tuscan brand
Italian leathergoods company Piquadro has acquired a majority stake in Florence-based Il Ponte Pelletteria, which manufactures and sells leather items through a brand called The Bridge.

Piquadro has purchased an 80% stake in the company for $3.17 million. The deal includes an option to purchase the remaining 20% between 2021 and 2023. 

The brand sells a variety of leathergoods, including handbags and accessories, with all of its products taking inspiration from the Tuscany region in which it is located. 

Marco Palmieri, president and CEO of Piquadro, described the brand as “extraordinary and unique”. He paid tribute to the craftsmanship and local feel of the products, as well as the company’s approach to dealing with environmental issues.

Related stories:

Lancel drives Piquadro to significant revenue growth 19/06/2019
Piquadro completes acquisition of Lancel 05/06/2018
The Bridge helps Piquadro to strong sales growth 04/05/2018
Piquadro expresses interest in Lancel brand 19/03/2018
Strong sales growth for Piquadro 12/01/2018
Piquadro steps up reshoring efforts 04/01/2017
New Piquadro bags contain tracking device 01/12/2016
Reshoring works for Italian leathergoods company 02/12/2014
Piquadro appoints new head of brand development 11/01/2012
Piquadro opens flagship Hong Kong store 27/10/2011
Piquadro eyes Asia expansion 15/01/2010
Positive results at Piquadro 23/06/2009
Piquadro opens in Dubai 27/10/2008

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.