Lui Jo’s owner acquires Blumarine
Marco Marchi has acquired the totality of Blufin, which operates with brands Blumarine, Blugirl, Anna Molinari and Be Blumarine although the amount has not been revealed.
Lui Jo’s owner buys Bluemarine. Marco Marchi has acquired the totality of Blufin, which operates with brands Blumarine, Blugirl, Anna Molinari and Be Blumarine, from Tarabini family for an amount that has not been revealed.
The founder of the Italian Liu Jo has recently created the holding Eccelle Italiane with the goal of forming a holding of Italian brands. “Fortunately, my interest in adopting this project coincides with the desire of my family Tarabini of taking a step back in the business,” stated Marchi.
Blumarine generated a revenue of 36 million dollars in 2018, including its perfume and eyewear divisions. The company operates with a net of 31 stores distributed around the world. Marchi expects Blumarine’s revenue to reach 55 million dollars in the following five years. The first phase of the strategy focuses on the relaunch of the brand with a new creative director.
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