L-Gam Advisors, a company based in Luxembourg, has struck an agreement to buy a majority stake in Woolrich International. The sellers are the Rich family, which owned the Woolrich brand, and WP Lavori in Corso, the brand's long-time licensee and distributor based in Italy that became the majority shareholder in 2016. Goldwin, which invested in the brand last year, will remain a minority shareholder. WP, which had started as the bran's successful Italian distributor, will exist completely., concentrating on the distribution of Baracuta, Blundstone and Barbour. L-Glam, which already has an investment in Roberto Cavalli, the Italian fashion brand, is described as an equity investment firm in which the Princely Royal Family of Liechtenstein is a partner.
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