Sergio Tacchini, the well-known sportswear brand from Italy, has been acquired by F&F Holdings – the renowned apparel group from South Korea.
As per media reports, the operation is worth US $ 63 million.
The South Korean clothing group is, reportedly, purchasing all the shares in Sergio Tacchini Operations, based in the USA, in addition to acquiring the same of Sergio Tacchini IP Holdings, which owns the brand’s intellectual property assets.
The operation is, in all likelihood, going to be finalised on 20 July 2022.
2021 had seen F&F Holdings team up with Seoul-based investment fund Centroid Investment Partners to acquire US golf equipment brand TaylorMade for US $ 1.8 billion.
Following its bankruptcy in 2007, Sergio Tacchini was bought by Hong Kong entrepreneur Bill Ngok, who later sold it to Wintex Italia, a company linked to a group of Hong Kong investors, and which was finally acquired by the US investment funds that eventually sold it to F&F Holdings.
Sergio Tacchini, a globally well-known Italian sportswear brand, was established in 1966 by the Italian tennis player Sergio Tacchini.
