Alpha Square Invest announces the completion of the sale of its stake in GAS Milano 1984 to current shareholder Andrew Bording of Bording Holding, who acquires the majority stake in the brand. The transaction marks the successful completion of the turnaround process launched in 2022, which led the company back to positive EBITDA, strengthened its […]
Alpha Square Invest announces the completion of the sale of its stake in GAS Milano 1984 to current shareholder Andrew Bording of Bording Holding, who acquires the majority stake in the brand.
The transaction marks the successful completion of the turnaround process launched in 2022, which led the company back to positive EBITDA, strengthened its management structure and supported a renewed international growth trajectory.
Over the past years, GAS Milano 1984 has also evolved its positioning, enhancing its Italian denim heritage while expanding its offering towards a more lifestyle-oriented approach.
“We are proud of the journey accomplished, which brought the brand back to solid operational stability and positive profitability,” said Rino Castiglione, CEO of Alpha Square Invest. “This early exit allows the fund to focus on sectors that are more strategic for us, including technology, sustainability and design, while maintaining full confidence in the brand’s future growth potential.”
Alpha Square Invest will continue to support the management team during the transition phase, contributing to GAS Milano 1984’s ongoing consolidation and international expansion.