Capri Holdings acquires Tuscan shoemaker Sicla

Capri Holdings has announced the signing of an agreement to acquire the Italian shoemaker Sicla. Following in the footsteps of French luxury titans, the American fashion conglomerate, home to esteemed brands like Michael Kors and Versace, is strengthening its production capabilities through the acquisition of one of its suppliers. Sicla, renowned for producing a portion of Jimmy Choo’s shoe collections, represents a strategic enhancement to the group’s operations.

Established in 1979 by Enzo Donnini, Sicla is currently led by the Donnini family, who will continue to oversee the company’s operations, as stated in a press release by the New York-based group. The financial terms of the deal remain undisclosed, with Capri Holdings Limited highlighting Sicla’s commitment to upholding the excellence of its services and products under its new ownership.

Situated in Montevarchi near Arezzo in the region of Tuscany, Sicla employs close to 250 skilled artisans. The region, known as Valdarno, is renowned for its rich heritage in shoe manufacturing, housing esteemed workshops catering to luxury shoe brands such as Prada and Valentino.

This acquisition marks Capri Holdings’ second venture of this nature into Italy. In 2019, the American group acquired another shoemaker, Alberto Gozzi, located in Pistoia, Tuscany, which serves as a supplier for the conglomerate’s three brands. Furthermore, the luxury shoe brand Jimmy Choo recently announced plans to relocate to a larger headquarters in Scandicci, near Florence, by the end of 2024, further underscoring the region’s prominence in leather craftsmanship and production of leather goods.