The acquisition, expected to be completed on July 20, will include all the shares of New York-based Sergio Tacchini Operations along with Sergio Tacchini IP Holdings, which holds the brand’s intellectual property. Terms of the deal were not disclosed.
Founded by its namesake Italian tennis champion Sergio Tacchini in 1966, the company designs and retails sportswear. Sergio Tacchini entered bankruptcy in 2007 before being bought by Hong Kong Chinese businessman Billy Ngok. In 2019, the sportswear brand announced a new ownership structure led by Stefano Maroni, Twin Lakes Capital and B. Riley Principal Investments in the US. The brand has been endorsed by tennis players such as Novak Djokovic and John McEnroe.
Last year, F&F partnered with Seoul-based Centroid Investment Partners to buy US golf equipment brand TaylorMade from Adidas, paying US$1.8 billion. F&F, a company founded by South Korean billionaire Kim Chang-soo, holds licenses for international fashion brands and team merchandise organisations. The two deals signify F&F’s effort to tap into South Korea’s rising premium sports apparel and miscellaneous goods market.
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Sergio Tacchini Partners With A$AP Nast
Sergio Tacchini and A$AP Nast are producing a collection of apparel and footwear, reimagining iconic pieces from the Tacchini archives and inspired by Nast’s affinity for UK football hooligan culture.
