Italian brand house Slowear has sold a minority stake to investment company Nuo Capital.
Hong Kong and Milan-based Nuo Capital will work to launch the company’s brands- which include Incotex, Zanone, Montedoro and Glanshirt- in Asia and double the company’s turnover in the medium term.
CEO of Nuo Capital, Tommaso Paoli, said: ”We are not an investment fund but an initiative based on the concept of family, supporting visionary entrepreneurs and allowing them to do their work well.”
Slowear currently has 29 stores, including 15 international stores across locations including Milan, London and New York.
President and CEO of Slowear, Roberto Compagno, said: “Our goal is to provide an important boost to the company’s development, accelerating the roll-out of the monobrand retail format, developing the channel and digital communication, and facilitating entry into the Asian market, where we see great potential.”