Italian footwear manufacturer M.G.M. S.p.A. has acquired Gruppo Rekord, a producer of high-end sneakers and outdoor shoes. M.G.M. has been on the market for over 35 years in the segment of mountain and outdoor sports footwear, as well as roller skating, with distribution all over the world. M.G.N.’s brand portfolio includes Kayland, Trezeta, Brixia, Hypno and Fila inline skates. The Foglio/Congiu family will hold the majority of the group that was born from the integration of MGM and Rekord, which expects to close 2022 with an aggregate pro-forma turnover of approximately €90 million. The family founded the Brixia shoe factory in 1911 and acquired a majority stake in M.G.M in 1996, which became a 100-percent stake in 2016. Rekord, founded in 1994 by Alcide Giacometti, has a workforce of 700 and runs three factories in Romania.
