Lmdv Capital, the family office headed by Leonardo Maria Del Vecchio, through Triple Sea Food, has signed an agreement for the acquisition of the Twiga brand and 4 locations of the Majestas Group, headed by Flavio Briatore: there is also the Billionaire in Porto Cervo. «Thus is born an Italian reality leader in luxury hospitality with iconic brands, 50 million in turnover and 600 people», we read in a note. « Twiga, a historic brand of the Majestas group, was born in 2000 in Versilia and then grew and established itself internationally as an icon of luxury hospitality: a solid and highly profitable brand, supported by the commitment of 360 people».
The closing of the operation that led Lmdv Capital to the acquisition of Twiga is scheduled for the first quarter of 2025, "when a giant made in Italy in luxury catering with international projection will be born". The operation involves the acquisition of 100% of the brand and the four locations Twiga Forte dei Marmi, Twiga Montecarlo, Twiga Baia Beniamin and the historic Billionaire property in Porto Cervo. The Twiga brand will also land in Costa Smeralda.
The combined companies’ turnover is estimated at around 50 million in 2024 with strong growth forecasts for 2025 and beyond. “We have been investing in this sector for two years, and this acquisition represents another important step,” says Leonardo Maria Del Vecchio, Chairman of Lmdv Capital. “We are proud,” he continues, “to have created one of the largest restaurant groups in Italy, consolidating a winning model that combines haute cuisine, entertainment and exclusive design.”
"We are pleased to entrust Twiga to a dynamic and innovative group like Triple Sea Food," says Flavio Briatore. "I am sure," he adds, "that Triple Sea Food will be able to carry out ambitious projects for Twiga, continuing the growth path of an iconic brand that is part of my personal and professional history."
(Online Union)