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Contemporary Bags to look for further growth abroad under new ownership

21 Investimenti, the investment firm founded and led by Alessandro Benetton, acquired Gianni Chiarini company in March 2017 Contemporary Bags to look for further growth abroad under new ownership In the late 90s Gianni Chiarini started the brand that bears his name. In 2016 the company reached sales of approximately €34 million, of which 60% outside Italy  2/2 To help a promising Italian company grow further at international level. This is the objective behind the decision by 21 Investimenti - an investment group founded and led by Alessandro Benetton - to buy a majority stake in Contemporary Bags, a company owned by the Gianni Chiarini Group. The Florence -based company was established in the late 1990s and ended 2016 with €35 million in revenues, 60% of which generated from foreign sales. It comprises two brands: Gianni Chiarini, a bags and accessories brand that underwent a gradual restyling, and Gum Gianni Chiarini Design, a contemporary and more accessible brand that was launched in 2013 and has developed significantly. “The Gianni Chiarini Group has all the features 21 Investment looks for when selecting a project in which to invest. It embodies the trademark values of Made in Italy: focus on design and quality, manufacturing excellence, attention to customer taste and needs. It has huge growth potential, which could lead to a significant international development,” said Alessandro Benetton. The transaction, whose value was not made public, was conducted through the “21 Investimenti III” fund and aims to significantly increase the revenue of the Florentine company through consolidation in established markets, the opening of new markets, the creation of a network of flagship stores (there are currently two flagship stores: Gianni Chiarini in Florence and Gum in Milan ) and a new marketing strategy.

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Accused South Carolina serial killer pleads guilty to seven murders: reports Todd Kohlhepp, a registered sex offender who has been arrested in connection with the kidnapping of Kala Brown and Charles David Carver is shown in this booking photo provided in Spartanburg, South Carolina, November 3, 2016. Photo courtesy of Spartanburg County Detention Center/Handout via An accused serial killer pleaded guilty to seven murders at a court in South Carolina on Friday and was given seven consecutive life sentences without the possibility of parole, avoiding the death penalty, local news reports said. The defendant, Todd Kohlhepp, 46, admitted to chaining a woman inside a storage shed on his rural property for two months and to a 2003 massacre of four people at a motorbike store, among other crimes, the Spartanburg Herald-Journal reported. As a part of the plea deal, Kohlhepp agreed not to contest the validity of the conviction in state or federal court and gave up his right to appeal, the newspaper reported. Lawyers for Kohlhepp and the Spartanburg County prosecutor were not immediately available for comment. He pleaded guilty to all charges against him, which included the seven murders, kidnapping and sexual assault, the paper said. The crimes date back to 2003 and the bodies of several of the people killed by Kohlhepp were found on his property. During the hearing, several family members of the victims sobbed as they spoke to the judge about their loved ones. Kohlhepp, in shackles, showed no emotion, NBC reported. Kohlhepp was arrested in November on suspicion of chaining a woman inside a storage shed on his rural property. He was subsequently charged with multiple murders.