«Assets for 200 million, however we’ll proceed to develop». The CEO speaks of the household workplace of Del Vecchio jr. | EUROtoday

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(Il Sole 24 Ore Radiocor) – Since the latest buy of Giraffe from the arms of Flavio Briatore, passing by way of packaging (Ima), beverage (Acqua Fiuggi) and cinema (Leone Film), to not point out actual property and the subsidiary Triple Sea Food, which has grown in file time with a number of luxurious eating places in its stomach. The Lmdv Capital holding firm based by its sole shareholder is forging forward Leonardo Maria Del Vecchioson of the founding father of Luxottica. «Having invested over 200 million, our Net Asset Value in 2024 will shut near this magnitude» begins, in an interview with Radiocor, the CEO of Lmdv, Marco Talarico. There are many recommendations, because the CEO additionally is aware of, round their household workplace, similar to the continual rumours, already denied, on the MPS file: «We have by no means been within the Monte dei Paschihas by no means been inside our targets” replies the manager. In recent months there was also interest in Banca Profilo, which was then shelved.

Summing up, «in 24 months we have invested over 200 million euros. Now we want to consolidate our portfolio but we are very careful investors so we remain vigilant and attentive to the opportunities presented by the market”. Upcoming dossiers on the desk? «At the second, we’re not taking a look at any explicit sector. Now we’ve to develop this acquisition of Twiga, we’ve lots of work to do, in truth now comes the very best half.” And if 2024 went “in line with our expectations, we’re satisfied that 2025 will go even higher”.

«Now develop Twiga acquisition, objectives are challenging»

The new bet, therefore, is Twiga: «The objective is to create a 100% Italian hub, a point of reference in the world of hospitality which will have a turnover for 2025, depending on the new openings, of around 60 millions. What we want to do is unique.” Briatore’s former manufacturers will find yourself inside Triple Sea Food (Tsf), which achieved revenues of round 20 million in lower than two years, «I do not assume anybody did it. And this already locations us within the ‘prime 5’ of Italian teams on the planet of catering.”

In Tsf alone, the holding company has invested almost 10 million euros, with the aim of soon exceeding 60 million in turnover, including Twiga. Caution, however, when it comes to abroad: «Venturing into foreign markets without the right partners, you will encounter more than one headache, but this applies to all types of investments, not just the catering industry».

Between investments Ima, Acqua Fiuggi and Leone Film

The growth of the holding, Talarico makes clear, does not stop here: «Del Vecchio’s commitment in recent years, which is now accelerating with this latest operation, conveys the message that the objectives are certainly challenging and, therefore, it will be easy grow further.” The supervisor doesn’t reveal figures for the operation with Briatore (“let’s just say that the numbers of the deal made both parties happy”) and explains the rationale that has to date been the idea of the household workplace’s acquisitions: “Our philosophy consists in go in search of Italian talents, who are going through a generational transition. The objective is to enter, work synergistically together with management and shareholders to bring the company back on a growth path.”