Maurizio Borletti, Board Member of IndEU.
CEO and shareholder of Le Printemps, following the LBO that he initiated in association with Deutsche Bank.
Under his guidance, Le Printemps was repositioned on the premium segment, and revenues and EBITDA were multiplied by two.
Former Chairman of Christofle (luxury tableware) and of La Rinascente, the main retail chain in Italy positioned in the luxury and premium segment, he is partner of Borletti Mgmt Group, an industrial holding targeting investments in the luxury and premium segment.
Maurizio BorlettiBorletti Group - Maurizio Borletti
Heir to a family who has been involved in retail for three generations, Maurizio Borletti has himself been involved in the industry for over 20 years.
He has an extensive network of contacts through the relations built by its activity and having participated in a number of associations grouping leading players.
He has been a member of the Board of such organizations as :
Federdistribuzione in Italy
Eurocommerce in Brussels
IADS and IGDS (grouping the major distributors and Department Stores in Europe)
Comité Colbert and Altagamma (regrouping the major luxury and fashion brands) in Italy and France.
Thank to its network, Maurizio initiated the consortium that purchased La Rinascente in March 2005 by bringing in Pirelli, DB REOF and Investitori Associati
Between 2005-2011: Maurizio was Chaiman of La Rinascente / UPIM.
Between 2000-2004: Maurizio was Chairman of Luxury Brand Development SA, Luxembourg (Holding Christofle).Previously, he spent 6 years at Christofle (Luxury tableware, France) as a Chief Executive Officer , where he :
led the turnaround and redevelopment of the Company (100 M € sales, 900 employees)
developed the commercial strategy including the opening of more than 50 Christofle shops and of new distribution.
De-listed the Company from the Paris Stock Exchange.
Between 1989-1992, Maurizio acted as an asset manager for Administrazione Borletti (Private Asset management, Milan).
During his university studies, he led as an entrepreneur several acquisitions of participations/ companies in diverse industries (small electrical appliances, building companies, bottled water,..)
Maurizio graduated in 1992 from Bocconi University, in Milan (Business School) . He speaks Italian, French, English and Spanish.
Printems being 100% bought by QatariÂ´s Divine Investments SA
Since then, RREEF and Borletti invested €350 million to facelift the chain, pushing the business up into the luxury segment.
RREFF had been seeking a buyer for its 70% share for months before starting conversations in February 2013 with Qatari investors.
In fact, DISA was set up in Luxembourg in February this year.
Maurizio Borletti, Borletti Group's president and also president at Printemps and responsable of the succesful department store's repositioning into the luxury sector, initially said he wanted to hold his 30% stake as his goal was only to find a new investor to support his strategic plan for Printemps.
Maurizio Borletti, CEO Borletti Group (photo: Frédéric Réglain)
Savvy investor: Maurizio Borletti could sell his stake in Printemps to the Qataris
As per the terms of their contract, Rreef entered into exclusive negotiations with asset & investment manager Maurizio Borletti earlier this year for the sale of its majority stake in Printemps.
According to Reuters, which claims to have seen "official documents", the Qataris have now gone one step further and are negotiating with Maurizio Borletti for full control of Printemps.
They obviously feel that the Italian has done a good job at Printemps, otherwise they wouldn't be offering the Borletti team a seven-year contract to continue running operations.
Over the last six years, Borletti has positioned the company even more emphatically in the luxury segment via, for instance, the listing of more top brands.
Should the Qataris use their virtually limitless funds to hunt for department store acquisitions in Germany, they will surely have a congenial partner in Maurizio Borletti.
Although his current engagement in Germany is relatively small (a 2 per cent stake in real estate investment company Highstreet which is likely to be sold soon), he has intimate knowledge of the sector.
Borletti mounted an ultimately unsuccessful takeover bid for Karstadt in 2010 and is well acquainted with the value of Metro Group subsidiary Kaufhof.
Other panelists included Maurizio Borletti, chairman of Borletti Group; Claudio Del Vecchio, chairman and chief executive of Brooks Brothers Group Inc.; Tom Florio, chief executive of Advanstar Fashion Group; and William McComb, chief executive of Fifth & Pacific Companies, Inc.
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