Giuliano Tabacchi, brother of Vittorio and Dino Tabacchi, and his son Guglielmo have signed an agreement to sell their 50 percent stake in Alberto Aspesi & C to a private equity fund, Investitori Associati. The remaining 50 percent of the capital of the Italian fashion house, which has apparel stores in Italy and abroad, remains in the hands of its founder, Alberto Aspesi, who has announced that he is willing to remain as chief executive of the firm. This company has nothing to do with the Aspesi chains of optical retail stores.

Vittorio Tabacchi is the chairman of Safilo. His brother Dino owns Salmoiraghi and Viganò, the largest optical retail chain in Italy. Giuliano and Dino first invested in Aspesi eight years ago when they sold their 25.7 percent stake in Fimit, the family holding company that owned Safilo, to their brother Vittorio for €250 million. Giuliano's exit from Safilo, followed by that of Dino, marked a turning point in the family saga around the company, which went private before going public again.