Swiss luxury goods company, Labelux Group, announced that it has acquired Belstaff, the English iconic outerwear company from Clothing Company Spa. Terms were not disclosed. Belstaff has an ambitious development plan which will be accelerated with the support of Labelux, notably in the fields of geographical expansion and product extension.

Commenting on the acquisition, Reinhard Mieck, Chief Executive of Labelux, said: “We are delighted to announce this acquisition. Belstaff is a unique asset with great heritage, a strong following and a very promising future as a major international luxury brand. I look forward to announcing our exciting plans for Belstaff in the near future.”

Clothing Company founder, Franco Malenotti, said: “Belstaff has represented 15 years of my life. [….] My sons Manuele and Michele and I will look with pride at future Belstaff challenges, thinking that we have been an important part of this story.”

The Belstaff business currently operates 14 owned stores and is present in more than 1,000 points of sale worldwide. Labelux has built a strong portfolio of brands in luxury fashion, leather, accessories, and jewelry. Labelux’s portfolio includes Swiss luxury brand, Bally, New-York based apparel label Derek Lam, London-based jeweller Solange Azagury-Partridge, Italian accessories company Zagliani and the recently acquired business, Jimmy Choo.