Fiorucci changes ownership with Navigator Group and White Park Capital

Livingstone and DSP have advised Navigator Group (DE), a privately owned industrial group, and White Park Capital (UK), a privately owned turnaround specialist, on the acquisition of Cesare Fiorucci, an iconic Italian deli meat group, from Sigma Alimentos, the leading Mexican food Group.

With effect as of August 1, 2023, Cesare Fiorucci S.p.A., its subsidiary undertakings in Italy and Germany, including, among others, two production facilities in Santa Palomba (Rome) and Lesignano de’ Bagni (Parma), as well as the Fiorucci brand, change ownership. Sigma Alimentos, S.A. de C.V., a company dedicated to the production, marketing, and distribution of quality branded foods, has sold all Fiorucci shares to Navigator Group from Germany and White Park Capital from Ireland. Thus, the famous Fiorucci brand, renowned for its passion for delivering the highest quality Italian food for more than 170 years, is becoming European again. Fiorucci S.p.A. will be well capitalized at closing to secure a smooth transition.

The new owners have high hopes for their new Italian commitment. Christian Muschick, Managing Director of the Navigator Group says: “Fiorucci stands for something we admire – great tradition, supreme enjoyment. This is a great obligation for us. The fact that we can strengthen our position in the food sector also makes strategic sense for us.”

William Belford, Managing Director of White Park Capital emphasizes, “Fiorucci stands for an Italian attitude to life that can only be conveyed in Italy and from Italy. To be able to contribute to this is a great task.”

“Fiorucci has always understood how to combine tradition and innovation in a wonderful way. With this, the company has managed to become an iconic brand in Italy. It is an honor for me to contribute my experience to the continued success of Fiorucci“, says Claudio Rustioni, Managing Director of Fiorucci S.p.A..

Luca Pignato, Partner at Livingstone Germany, adds: “We are proud to have acted as financial advisors to Navigator Group and White Park Capital on the acquisition of Fiorucci, an iconic Italian deli meat group, and to have closed a further transaction in the food sector, a key focus industry for Livingstone internationally.”