Italian streetwear brand GCDS has been acquired by The Made in Italy Fund, a joint venture between management firm Quadrivio Group and communications agency Pambianco. The specific details of the stake acquired and the transaction value have not been made public. However, it has been revealed that GCDS founders Giuliano and Giordano Calza will retain a significant direct stake in the company and continue in their current roles.

Notably, the acquisition of GCDS comes with the support of Patrizio di Marco, a former CEO of prestigious brands like Gucci, Bottega Veneta, and Golden Goose. Di Marco has also made his own personal investment in the brand.

Over the years, GCDS has gained significant popularity, thanks in part to endorsements from famous celebrities such as Kendall Jenner, Bella Hadid, and Kim Kardashian. Despite the challenges presented by the Covid-19 pandemic, the brand has experienced strong growth, generating 20 million euros in revenues and operating seven stores worldwide.

With the investment from The Made in Italy Fund, GCDS will have the opportunity to enhance its distribution network and prioritize expansion in the Asian and American markets. Additionally, the brand will focus on further developing its online channel.

This acquisition by The Made in Italy Fund represents its third investment in the fashion sector. Furthermore, the fund has plans for another transaction in the fashion industry later this year.

Useful links:
1. GCDS Official Website
2. The Made in Italy Fund Official Website