Italian Sustainable Shoe Company ACBC Sells Majority Stake to Swiss Fund

Financial details of the woody – expected to adjacent successful the 2nd 4th of the twelvemonth – were not disclosed.

ACBC cofounders Gio Giacobbe and Edoardo Iannuzzi volition stay connected committee arsenic number investors and successful their enforcement roles of main enforcement serviceman and main innovation officer, respectively.

A Circular Science Company and B Corp enterprise, since 2020 and 2021, respectively, ACBC had carved a three-pronged concern exemplary successful the years since its founding successful 2018.

In 2023, the astir caller fiscal figures available, ACBC’s wide concern generated income of 15 cardinal euros.

Sustainability consultancy operations for manner brands represented astir 50 percent of yearly sales, the Made successful ACBC third-party manufacturing concern amounted to 45 percent of revenues, portion the remainder was generated by the owned footwear brand’s operations.

It is understood that the second part is to beryllium coiled down, though the institution did not elaborate further erstwhile asked astir it.

Signaling an acceleration successful its sustainability consultancy business, past twelvemonth ACBC linked with RTG Consulting Group connected a strategical concern to acceptable up operations successful Asia, providing the clients of the Singapore-, Shanghai- and Paris-based steadfast with eco-leaning advisory.

“ACBC is simply a wide manufacture leader, combining visionary leadership, heavy method expertise, and a beardown committedness to transformation,” said Raffaele Magliocca, main astatine Gyrus Capital. “We are excited and arrogant to spouse with specified a driven and talented team, and we judge ACBC is uniquely positioned to signifier the aboriginal of sustainable innovation and thrust the circular modulation crossed the manner assemblage and beyond,” helium offered.

Based successful Geneva, Switzerland, Gyrus Capital invests successful businesses with a beardown sustainability committedness done transactions successful the 50 cardinal to 500 cardinal range. ACBC marks the firm’s archetypal concern successful the manner sector.

“This concern with Gyrus Capital is simply a defining infinitesimal for ACBC,” said CEO Giacobbe. “We are arrogant to articulation forces with a steadfast that shares our values and semipermanent vision. Their planetary acquisition and absorption connected people, services, and sustainability volition beryllium cardinal successful scaling our interaction and accelerating the displacement towards much liable and forward-thinking manner and manner industries,” helium offered.