With the transaction, whose amount was not disclosed, Clessidra will acquire a 35% stake in the company.
Harmont & Blain now intends to use the funds to accelerate and consolidate the growth in international markets, opening new boutiques in Europe and North and South America. Investments are planned for the next three years on retail development for €60m.
Led by CEO Giulio Guasco and Managing Director Paolo Montefusco, Harmont & Blaine produces, markets and distributes sophisticated casual-wear for men, women and kids with a distinctive Mediterranean lifestyle. It has 69 boutiques in Italy and 70 abroad.
The company, which had a turnover of €71m in 2013, has over 500 employees.