Owned by the Pesenti family, Italmobiliare is increasing its stake in the 400-year-old pharmaceutical and beauty company. Upon closing of the transaction, Italmobiliare will control an 80% stake in the historic brand.
WHO: Officina Profumo Farmaceutica di Santa Maria Novella company was founded by Dominican friars after they arrived in Florence in 1221 and settled in the Santa Maria Novella location, cultivating herbs to prepare medicines for their monastery’s infirmary. After manufacturing successful recipes such as aromatic waters and a bergamot-based fragrance for the Queen of France Catherine de’ Medici in 1533, which is still a bestseller, the apothecary opened to the public as a commercial activity in 1612. The assortment consists of more than 600 different products including body care, fragrances, candles, ambient fragrances, and liqueurs.
Italmobiliare Investment Holding is an investment group owned by the Pesenti family that makes medium/long-term investments as a strategic partner for entrepreneurs. It operates through two main segments: industrial and services for industry, and financial and private equity.
WHY: In the last two years, Italmobiliare invested more than 400 million euros in Made in Italy brands, adding to a portfolio that currently represents an aggregate turnover of around 1.6 billion euros.
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