Lion Capital LLP paid an undisclosed amount to buy Menghi Shoes & Co. Srl, or Gruppo Menghi, from the founding Menghi family, Private Equity News reported, citing a statement from the private equity firm.
The founding family continues to own a significant minority stake in the Italian luxury shoemaker, the report noted.
Founder Emanuela Menghi will continue as the company's interim CEO before transitioning to chairman, while Gianluca Menghi, Michela Menghi and Saverio Sabbatini will remain operating managers, according to the report.
