Leonardo Maria Del Vecchio's LMDV
Capital investment group has bought the Twig luxury hospitality
group from Flavio Briatore, LMDV said Friday night.
Leonardo Maria is the son of the late Luxottica eyewear king and
sometime richest Italian Leonardo Del Vecchio, who died in June
2022 aged 87.
LMDV Capital, the family office headed by Leonardo Maria Del
Vecchio, through Triple Sea Food, said it had signed an
agreement for the acquisition of the Twiga brand and 4 locations
of the Majestas Group, headed by former F1 boss Briatore.
This gives birth to an Italian leader in luxury hospitality with
iconic brands, a turnover of 50 million and 600 people.
Twiga, a historic brand of the Majestas group, was born in 2000
in the chic Versilia Tuscan playground for the rich 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", said LMDV.
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