Etro, the Italian fashion brand, is reportedly seeking new investment as financial services firm Rothschild has been mandated to explore options, despite CEO Fabrizio Cardinali recently denying plans for L Catterton to exit its majority stake acquired in 2021 for 500 million euros ($543 million). Market speculation about a sale, or stake reduction persists, though no clear direction has been disclosed. Since L Catterton’s acquisition, Etro has focused on expanding its global presence, particularly in Asia, launching new product categories, and enhancing digital reach. With 130 global stores and strong European sales driving profitability, Etro continues its transformation under creative director Marco De Vincenzo.