Caruso

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Caruso - overview

Established

1958

Location

-, -, Italy

Primary Industry

Consumer Products

About

Caruso Menswear is a refined brand that specializes in high-quality menswear, offering tailored garments that blend traditional craftsmanship with modern aesthetics, catering to discerning fashion-conscious customers. Founded in 1958 and headquartered in Italy, Caruso is known for its tailored menswear. The company operates independently and has not undergone any significant pivots in its business strategy. Marco Angeloni serves as the CEO, and in September 2013, Fosun International invested an undisclosed amount for a minority stake in Caruso, marking a significant development in its financial history.


Caruso Menswear specializes in high-quality menswear that embodies the concept of 'Playful Elegance. ' Their core offerings include tailored suits, jackets, shirts, trousers, and accessories, crafted with meticulous attention to detail that showcases Italian sartorial excellence. The Spring/Summer 2025 collection exemplifies this philosophy, emphasizing fluid ensembles that combine style and comfort. The brand primarily targets sophisticated customers in European and North American markets, positioning its products in upscale retail environments and direct-to-consumer channels.


In 2023, Caruso generated revenue of USD 42. 95 mn with an EBITDA of USD 1. 60 mn, driven by direct-to-consumer sales and partnerships with luxury retailers. Their sales strategy focuses on premium pricing for high-quality materials and craftsmanship, fostering long-term relationships with clients through personalized service and exclusive collections.


Caruso plans to expand its product line with new offerings set to launch in the near future, although specific release dates have not been disclosed. The company aims to penetrate new markets, particularly in Asia and the Middle East, by 2025. The investment from Fosun International will support these growth initiatives, enhancing the brand's capability to meet evolving consumer demands and expanding its retail footprint.


Current Investors

Fosun International

Primary Industry

Consumer Products

Sub Industries

Clothing

Website

www.carusomenswear.com

Verticals

Manufacturing

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Caruso - timeline of key events

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Caruso - financials

Fiscal Year EndedJan 01, 2011Jan 01, 2012Dec 31, 2013Dec 31, 2014Dec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024
Revenue (USD)64,400,000-56,814,20555,602,94648,260,08846,181,57644,102,41450,973,37441,218,45025,866,03024,335,362---
% Revenue Growth (YoY)----(13.2%)(4.3%)(4.5%)15.6%(19.1%)(37.2%)(5.9%)---
EBITDA (USD)--5,340,987189,707,686(789,873)(6,742,704)(2,679,176)1,961,619(5,922,005)(5,906,795)(4,570,059)---
Operating Income (USD)--3,686,515(267,514)(2,761,660)(8,473,911)(4,085,361)561,553(6,933,915)(6,428,099)(4,990,224)---
Operating Margin--6.5%(0.5%)(5.7%)(18.3%)(9.3%)1.1%(16.8%)(24.9%)(20.5%)---
% EBITDA Margin--9.4%341.2%(1.6%)(14.6%)(6.1%)3.8%(14.4%)(22.8%)(18.8%)---
NET Income (USD)--1,059,584(1,045,917)(2,498,430)(16,535,689)(4,993,281)(288,390)(7,385,999)(7,779,834)(5,787,234)---
% Net Margin--1.9%(1.9%)(5.2%)(35.8%)(11.3%)(0.6%)(17.9%)(30.1%)(23.8%)---

Caruso - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedCaruso-

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Caruso - employee data

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