Fashion Magazine: TOMA Italian Brands acquires Ungaro
Also on fashion Magazine find its space this new collaboration that will bring even more prestige to the Toma Italian Brands group. The Toma brothers take the men’s license of Emanuel Ungaro and create their made in Puglia pole.
Create a pole of Italian and international brands with production made in Puglia, to then make it an international reference point.It’s an ambitious horizon, but the brothers Salvatore and Sergio Toma have already taken the first step towards the goal: the acquisition of the men’s fashion license signed by Ungaro.
The production and distribution agreement signed between the Parisian fashion house and the family of apulian entrepeneurs has a duration of five years (plus five more) and will debut at the Pitti Uomo in Florence with the Autumn/Winter 2020/21 collection, designed by Philippe Paubert.
The acquisition of the new license is the starting point to create a hub around the brands belonging to the Toma family, from those owned (Havana&Co. and Angelo Toma) to other licenses (the men’s and women’s lines of the brand Alessandro Dell’Acqua).
«With this acquisition – explains Salvatore Toma – the TOMA Italian Brands group is born. The idea is to continue investing in other complementary brands, to make them grow nationally and internationally, also focusing on new technologies and digital “. The development of the pole will be gradual, but the short-term economic objective is a “doubling of turnover”, assures Toma.
Read the article here.