The Brands: Autry sneaker brand enters Style Capital's portfolio

The US sneaker brand Autry changes owner and enters Style Capital’s portfolio.

Its former owner Made in Italy Fund, a vehicle of Quadrivio&Pambianco, has signed an agreement to sell the brand to Roberta Benaglia's private equity fund specializing in the lifestyle segment.

The Italian entrepreneur will take over a 50.2% stake, while the founding partners--the Doro family--will retain "a significant share in the company," a note explained, while Quadrivio&Pambianco will reinvest in the company through the Made in Italy Fund II.

The value of the transaction has not yet been disclosed, even if market rumors speak of a transaction around €300 million.

Autry was born in Dallas in the 1970s and was acquired in 2019 by a pool of Italian entrepreneurs (Marco Doro, Alberto Raengo, and Gino Zarrelli), joined by Patrizio Di Marco, formerly of Gucci, as chairman.

About three years ago Made in Italy Fund acquired the brand through the Fine Sun vehicle, led by Mauro Grange, CEO and partner of Made in Italy Fund.

Autry offers sneakers with a vintage aesthetic but a contemporary taste. Thanks to this winning style mix the brand has grown from its €30 million sales in 2021 to €110 million in 2023.

Today Autry is sold in the European market through a network of about 750 multibrand boutiques and through e-commerce, that generates about 20% of its revenues.

The new partnership aims to support the brand's growth internationally through a retail expansion through the opening of approximately 20 monobrand stores in the main luxury marketplaces, in parallel with the development of the digital and wholesale channel.

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