Oakley Capital buys Smythson
Italy-based leathergoods manufacturer Tivoli Group has sold Smythson of Bond Street to private equity firm Oakley Capital.
The Italian manufacturer has owned the British leathergoods and stationary since 2009 and will continue to produce its leather collections as part of the deal.
Smythson was founded in 1887, when Frank Smythson opened his first boutique on Bond Street in London offering high-class stationery and accessories.
Stefano Giacomelli, CEO of Tivoli Group, said: “Smythson is a globally recognised symbol of excellence, and we are confident that Oakley is the ideal partner to accelerate its international expansion thanks to its strategic vision and proven expertise with portfolio brands.
“This transaction also marks a pivotal moment for Tivoli Group, allowing us to further invest in our core business, enabling us to sharpen our focus on Tivoli Group’s growth strategy as a multi-brand manufacturer.”
Oakley also owns homeware brand Alessi, luggage brand Globe-Trotter and leathergoods and clothing brand Connolly.
