Cassa Depositi e Prestiti's €7.5 million euros participation in a bond to support the growth plans of ISAIA & ISAIA, a Campania-based company in the luxury men's clothing sector.
The bond loan, with a total value of €15 million, was also subscribed by Finint, ICCREA and the STX fund.
ISAIA & ISAIA, part of the lifestyle luxury brand market, is focusing on strengthening its sales strategy and developing more innovative sales channels, to meet the emerging needs of high-end product consumers.
High quality products entirely produced in Italy and made with luxury fabrics are the strengths of the company, founded in Naples in the 1920s by Enrico Isaia, when he opened the first shop and workshop for men's tailor-made suits.
The 90s saw the company branch out into international markets, which are now fundamental for ISAIA & ISAIA. Over 85% of 2018's €60 million turnover - up 7.6% on 2017 - was from abroad, with the opening of stores in North America and Asia and active distribution companies between the United States, Canada, Japan and China.
A historical customer of the SACE SIMEST Hub, the company's future strategies are focused on retail market development, with the planned opening of six new boutiques in Chicago, Miami, Toronto, Las Vegas, Paris and Geneva, taking advantage of the growth in the men's fashion segment.
This transaction is further evidence of Cassa Depositi e Prestiti's role in supporting the traditional Made in Italy sectors, adding to the excellence of national manufacturing production.