Sergio Tacchini set for relaunch under new owner
The assets of heritage athletic wear brand Sergio Tacchini has been acquired by a consortium of investors led by entrepreneur Stefano Maroni and will be relaunched under the creative direction of Public School co-founder Dao-Yi Chow.
The assets were acquired by Maroni, Twin Lakes Capital LLC and B Riley Principal Investments LLC, a subsidiary of B. Riley Financial. Under the new structure Maroni serves as CEO and Twin Lakes Capital's Lee Feldman serves as Chairman. Dan Shribman of B. Riley and Howard Cohen of Twin Lakes Capital join them on the company's Board.
"Sergio Tacchini inspired a creative movement in athletic wear over 50 years ago by being the first to introduce color and fashion to tennis. The brand's legacy as an industry pioneer, along with its Italian heritage and history in the sport, helped the brand transcend its roots on the court into a world renowned and beloved active lifestyle sportswear company," said Maroni.
"Now, more than ever, consumers are longing for a resurgence in heritage brands, and I could not be more excited to relaunch this iconic company along with my partners at Twin Lakes Capital and B. Riley."
Maroni is the founder and former CEO of GMI USA Corp. which has successfully developed and grown multiple owned and licensed brands in apparel and footwear. Twin Lakes Capital is a private equity firm specializing in investments in branded consumer products, media and business services. B. Riley is a diversified provider of business and financial services.
The new owners say they will relaunch the brand "using a fresh approach and an innovative design sensibility which pays homage to its Italian heritage, success on the court and its position as a preeminent global active lifestyle sportswear brand."
Chow is an acclaimed designer who has won a number of CFDA Awards and who also served for a while as creative director of DKNY with his Public School co-founder Maxwell Osborne. He will oversee all aspects of the brand's visual and design identity, including the release of new apparel, accessories and footwear collections for men and women.
"I am honored to have been entrusted to lead the creative vision for a company with a legacy and heritage as rich as Sergio Tacchini," said Chow. "I fell in love with tennis at an early age and now having the opportunity to reimagine Sergio Tacchini into a modern lifestyle brand is a dream come true."
The first line to be released under Chow and the newly revamped brand will be SS20, a tennis-inspired lifestyle collection for men and women which will be available exclusively at select retailers.
Chris Ivery, who has been instrumental in the strategic brand positioning for the relaunch, will be chief marketing officer.
Sergio Tacchini was founded in 1966 by the Italian tennis player of the same name. Some of the greatest names in tennis including John McEnroe, Jimmy Connors, Vitas Gerulaitis, Mats Wilander, Gabriela Sabatini, Pete Sampras, Martina Hingis and Novak Djokovic have all worn the brand on-court.