Clessidra SGR has entered the Italian upper casual and sportswear Harmont & Blaine company. The fund has acquired a 35% quota with the aim to support the company’s international growth.

The investment will reflect in a capital increase of Harmont & Blaine aimed at the development of the company’s international growth within 2017.

Future aims of the Clessidra’s entering are aimed at further strengthening of the brand’s awareness in Europe and the Americas, while increasing their retail expansion compared with wholesale distribution.

Harmont&Blaine registered €71 million sales in 2013. It has already opened 69 monobrand boutiques in Italy and 70 ones worldwide. The brand is sold in about 1,500 apparel stores worldwide.