Sergei Lomakin, co-owner of the largest Russian footwear chain Tsentrobuv, buys a stake in the Italian cashmere company with a half-century history, Malo. He himself announced the acquisition in Saint-Tropez, at a party timed to coincide with this event.
Malo was created in the 1972 year in Florence by the brothers Giacomo and Alfredo Canessa. The brand specializes in sewing cashmere clothes in the upper price segment. The brand also has shoes and accessories. The main production still remains in Italy.
Today Malo is present in ten countries, operates 14 of its own stores and develops franchises in Venice, Paris, Monaco, Geneva, Moscow and other cities. There are two brand stores in Moscow: in TSUM and in Crocus City Mall. The franchise for the development of the brand in the region is owned by the Russian company "Cashmere and Silk". Malo products are also sold in multi-brand boutiques. As the head of Malo said earlier, Russia is the second most important market for the company. In 2013, the company's revenue was 22 million euros, with a net loss of about 500 thousand euros.