John Elkann decided to help Lapo Elkann by establishing a partnership to boost Italia Independent. The two brothers invested around €10 million in Lapo’s glasses company. Lapo Elkann remains the most important shareholder of the company with 63.7% of the shares while John will be a new strategic partner thanks to his personal €2.5 million investment that brings him to around 9 percent of the capital.
Thanks to this injection of money the company will be able to run the business. Lapo demonstrated his total commitment in the company that he created in August 2016. Giovanni Carlino, the Italia Independent CEO, expressed his happiness for the deal: “We are happy that the capital increase took place. We have the support of strong shareholders. Thanks to this capital increase they have proven to trust the strategies that we are putting in place to boost this company. The presence of the two Elkann brothers is definitely a strong signal for the market.”
Last year, Italia Independent Lapo Elkann-owned Company benefited of almost €500,000 from Juventus FC also for the collaboration of Independent Ideas with the club.