Country for PR: United States
Contributor: PR Newswire New York
Monday, November 30 2020 - 22:00
SFERRA, a Portfolio Company of Highlander Partners, Acquires Iconic Luxury Brand, Pratesi
DALLAS, Nov. 30, 2020 /PRNewswire-AsiaNet/ --

SFERRA Fine Linens, a leading branded luxury linens and home lifestyle company 
whose heritage dates back to 1891 in Italy and owned by Highlander Partners, 
today announced the acquisition of Pratesi. Pratesi is an ultra-premium 
Italian-luxury linens brand known for elaborate floral designs, innovation, 
superior quality and a globally recognized brand for well over a century, 
dating back to its founding in 1906. 

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SFERRA intends to initially reintroduce the Pratesi brand into the marketplace 
through international channels where the brand has traditionally maintained a 
major presence, and through a newly developed Pratesi website in order to 
quickly reestablish its connection with its distinct customer base. SFERRA's 
product portfolio today includes more than ten different categories including; 
bed, bath, table, and decorative accessories.  The SFERRA brand is known for 
its fine Italian craftmanship and for sourcing premium natural fibers from the 
foremost global resources to spin and weave its luxury goods. Historically, 
Pratesi has followed those same principles and the combined brands will 
leverage those practices to expand both brands going forward.

"We are thrilled with the unique opportunity to combine the two premier Italian 
luxury brands together to create the leading luxury linens and home lifestyle 
company.  Pratesi will add a distinct aesthetic to our product offering, expand 
our reach internationally and broaden our customer base," said Michelle Klein, 
President and CEO of SFERRA, who will continue to lead both brands.

Jeff L. Hull, President and CEO of Highlander, added, "We are very excited to 
be the steward of two iconic Italian luxury brands in the bedding and home 
category.  We believe a SFERRA and Pratesi combination has the potential to 
become the preeminent luxury linens provider globally. We are looking forward 
to continuing to implement a selective "buy-and-build" investment approach and 
finding complementary M&A opportunities for this business in the luxury goods 

Mark Blanchat, a Highlander Partner and Chairman of SFERRA, commented, "The 
Pratesi acquisition reiterates Highlander's focus on our Italian luxury branded 
platform strategy, representing an opportunity for us to acquire a rare 
established luxury brand with a loyal consumer following due to its highly 
differentiated product offerings and superior quality. We believe the designs, 
styles and feel of SFERRA and Pratesi are entirely unique and attract two 
unique customer bases. There are tremendous growth opportunities in 
reintroducing the Pratesi brand to the market, and the addition will create 
positive momentum for both Pratesi and SFERRA, especially internationally."

SFERRA is an Italian luxury lifestyle brand established in 1891 by founder 
Gennaro Sferra, who created the brand in dedication to impeccable artistry and 
tailoring. To this day, SFERRA has evolved to encompass every luxury for the 
home, utilizing time-honored craftsmanship with ever innovative design. 
SFERRA's most acclaimed collections, amongst others, include Milos, the first 
original 1,000 thread count bedding, the treasured SFERRA Giza 45 for the 
linen's unparalleled heirloom durability and exquisite comfort, Festival 
European table linen in 101 exuberant colors, bath-time indulgences which 
include resort-style Aura, simply classic Bello, and the contemporary Canedo. 
Most recently, the brand has expanded its categories to include mattresses, 
accessories for the table, and home and décor gifts. SFERRA is found in major 
department stores including Bergdorf Goodman, Bloomingdale's, and Neiman 
Marcus, more than 700 luxury specialty home stores throughout North America, 
some of the world's most prestigious boutique hotels and resorts, and more 
recently in the world-renowned Harrods department store in London.  For more 
information on SFERRA, please visit 

About Highlander Partners
Highlander Partners, L.P. is a Dallas-based private investment firm with over 
$2.0 billion of assets under management.  The firm focuses on making 
investments in businesses in targeted industries in which the principals of the 
firm have significant operating and investing experience, including basic 
manufacturing, food, chemicals, building materials, consumer products, and 
others.  Highlander Partners uses a "buy and build" investment approach, 
creating value by helping companies grow organically and through acquisitions. 
For more information, visit 

CONTACT: Jaime Jimenez, Chaz Thomas 

SOURCE: Highlander Partners, L.P.