Lorenzo Delladio, chief executive of La Sportiva, has agreed to acquire the 49 percent stake it didn't own in the Italian outdoor footwear company from his brother Marco. The financial coverage of the deal was structured by the company's bank, Mediocredito Trentino-Alto Adige. The takeover will allow the company to pursue its planned corporate strategies, says Lorenzo. Marco will leave the company, where he was in charge of production, to be replaced by Alberto Valla, who has been handling production in other sectors. La Sportiva, which is now certain to reach a turnover of €100 million this year, is adding new production lines next year to its factory at Val di Fiemme.
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