La Perla has found a new home.
Amsterdam-based private equity firm Sapinda Holding bought 100 percent of La Perla Global Management from Silvio Scaglia, the Italian entrepreneur who heads up Pacific Global Management and has controlled the lingerie brand since 2013.
During his tenure, Scaglia built on the brand’s lifestyle offering, which includes men’s sleepwear, underwear and women’s sunglasses and added stores, reopening the company’s Madison Avenue flagship.
The direction of the brand is expected to be continued by Sapinda, which is headed by chief executive officer Lars Windhorst.
“Silvio and his team have done a tremendous job in expanding the business in a sector that continues to demonstrate huge growth potential,” Windhorst said. “We are prepared to further invest, to improve the financial performance of the company and to continue implementing Silvio’s vision for La Perla and its ‘Made in Italy’ creations.
“We have been looking to invest in the luxury goods sector for a while and after analyzing a number of opportunities during the last few months, we are pleased that we were able to secure the acquisition of La Perla,” Windhorst said.
Scaglia said the deal puts La Perla in the right place.
“We are delighted that Sapinda has acquired La Perla to continue