Borletti Group and Quadrivio & Pambianco have acquired full ownership of Italian fashion label Twinset through their Made in Italy Fund II, as they target accelerated global growth in the affordable luxury segment.

The co-investment, executed on a 50/50 basis, brings on board Narval Investimenti and a club deal managed by Ersel Banca Privata. Narval will also take a seat on Twinset’s board to support its next phase of development.

Founded in Carpi in 1990, Twinset operates in the alternative luxury space and is known for its romantic and bohemian style across four collections: Twinset, Actitude, U&B, and Girl. The company reported revenues exceeding €200m and an EBITDA of over €30m in 2024, with more than 150 points of sale and a digital business growing at a double-digit annual rate.

The new owners plan to invest in strengthening brand awareness through marketing, expanding flagship locations, and enhancing digital integration. Key priorities also include growing the franchise network and evolving its selective wholesale strategy to boost global visibility alongside leading fashion houses.

Christian Vaingnedroye, CEO of Twinset, called the acquisition a “great opportunity to reinforce the brand’s identity and international footprint.” Alessandro Binello, Group CEO of Quadrivio, noted that affordable luxury remains a core investment focus for the fund, citing its strong return potential. Maurizio Borletti added that Twinset’s solid foundations and retail appeal align closely with the group’s fashion and lifestyle investment thesis.

This marks the fourth investment from Made in Italy Fund II and Borletti’s second in fashion this year, following its acquisition of US denim brand True Religion.

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