Giuseppe Zanotti Lands LVMH Investment-------
After several months of discussion, Giuseppe Zanotti has officially confirmed that LVMH-owned private equity fund L Capital has acquired a 30 percent minority stake in Zanotti’s parent company, Vicini. This news comes on the heels of recent LVMH investments in Marco de Vincenzo, Maxime Simoens, and fellow footwear label Nicholas Kirkwood. While the aforementioned designers are largely considered to be up-and-coming, this year marks Zanotti’s twentieth in business. Surely this influx of cash will help ensure further growth and exposure for the brand. Perhaps—we’re hoping, anyway—it will pave the way for future collaborations with the likes of Kanye West (who partnered up with Zanotti several years ago to create shoes for his short-lived ready-to-wear line).