The amounf of the transaction was not disclosed.
The company will use the proceeds to continue to expand operations.
Based in Biella, Italy, Luciano Barbera offers a wide assortment of refined sportswear, sartorial pieces, furnishings and accessories. Its products are sold through fine specialty stores and high-end department stores across the U.S., Europe, Russia and worldwide.
Mr. Luciano Barbera, the founder, will continue to serve as the brand’s Chairman Emeritus going forward. Todd Barrato, will serve as Chief Executive Officer leading the company along with Carola Barbera, the Creative Director. Luciano Barbera has a showroom in Biella along with locations on Via Montenapoleone in Milano and Fifth Avenue in New York.