Pittarello Receives Equity Investment from 21 Investimenti

Pittarello, an Italian shoe retailer with strong presence in Northern Italy and Croatia, recently received an equity investment of undisclosed amount from 21 Investimenti.

21 Investimenti intends to focus on helping the company open an additional 30 stores in Italy and implement a client base expansion strategy through optimization of marketing and commercial processes as well as strengthening the consumer-brand relationship.

Founded in 1972, Pittarello currently has 44 directly operated shops in Italy and 9 directly operated shops in Croatia with attractive locations mainly in shopping malls and retail parks.

The company, which employs some 630 people, generated revenues in excess of €120m.



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