Buying sneaker producer Italian Fashion Team, the company is investing in building its own verticalized structure.
Financial details of the transaction, which is expected to be completed in the fourth quarter of the year, were not disclosed.
Founded in 2007, IFT specializes in the design, production and distribution of high-end footwear for some of the most established Italian luxury brands. In 2021, its team of more than 250 employees produced more than 700,000 sneaker units.
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