Alessi Gains Capital From Investor

Alessi has entered into a partnership agreement with the English fund Oakley, as of August 28. The partnership enables Oakley to acquire 40% of the capital of Alessi and become a minority shareholder of the company.

The investment underwrites an important increase in capital to be invested into Alessi for the renewal and strengthening of retail channels, as well as communication and digital technologies.

Alberto Alessi will continue to hold the office of president of Alessi S.p.A. and will be responsible for products, brand identity and design.

In addition, the company said it is continuing with its current restructuring process in order to streamline structural costs and make the organization more sustainable in the wake of the current marketplace. The process began earlier this year and resulted in voluntary leaves from employees where there were redundancies in job positions. Alessi said there were no layoffs, nor pressure to leave the company and the process was worked out in collaboration with local industrial and trade unions.