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Style Capital Takes Control of Alessandro Dell’Acqua’s No. 21

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Style Capital Takes Control of Alessandro Dell’Acqua’s No. 21

Dell’Acqua will remain creative director, while his brand's long-standing industrial partner Gilmar – which recently filed for protection measures – will exit the business.

MILAN – Private equity fund Style Capital has taken control of No. 21, adding the Italian fashion brand founded by Alessandro Dell’Acqua in 2010 to its portfolio that includes brands such as MSGM, Forte_Forte and Autry, among others.

This confirms a WWD report on Tuesday, as industry sources in Milan speculated about a potential investment from the fund. Financial details of the operation were not disclosed.

The transaction sees Dell’Acqua retaining his role as creative director while the firm’s long-standing industrial partner and licensee Gilmar will exit the business.

“I am delighted that No. 21 is embarking on this new chapter with Style Capital and [its founder and managing partner] Roberta Benaglia, an entrepreneur with deep knowledge of the fashion industry who shares my belief in the importance of combining creative vision with business development,” said Dell’Acqua.

“No. 21 is one of the most authentic and recognizable expressions of contemporary Italian creativity. Over the years, Alessandro Dell’Acqua has developed a distinctive, consistent and deeply personal design language, building a brand with a strong identity and significant untapped potential,” echoed Benaglia . “Our aim is to support Alessandro in this new chapter, preserving his creative autonomy while giving No. 21 the strategic, managerial and industrial expertise it needs to grow internationally.



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