Richemont Takes Controlling Stake in Gianvito Rossi

Richemont has acquired a majority stake in Italian shoemaker Gianvito Rossi, the luxury giant said Friday.

The news adds to a week of deal-making, following on rival Kering’s announcement that it is taking a 30 percent stake in Valentino.

The acquisition bolsters hard-luxury specialist Richemont’s position in the fashion space, building on a stable of apparel and leather goods brands that already includes Chloé, Alaïa and Dunhill. Terms…