Fedone Srl, which currently holds 57% of Brunello Cucinelli, has initiated the sale of 6% of the capital through an accelerated bookbuilding procedure managed by Mediobanca as sole bookrunner and reserved for qualified investors in Italy and institutional investors abroad. Fedone has undertaken a lock-up commitment on the remaining stake for a period of 24 months and, together with the Cucinelli family, confirms "the commitment to maintain the majority of shares with voting rights in the company over the very long term".
“The aim of this operation – commented Brunello Cucinelli, president and CEO of the homonymous company and of Fedone itself – is to raise funds that can somehow allow my family and our Foundation to continue that dream, which has always been cherished, to contribute to beautifying Humanity, as happened with the creation of the "Project for beauty", trying to support that great theme that has always enlightened man, which is the feeling of guardianship of creation, combining profit and gift".
