Mondottica welcomed Capital Eyes Holding and Ross Holdings as new shareholders on October 8 and has received ‘a substantial capital injection’ for the future of the company.

Michael Jardine, founder and long-term CEO of Mondottica, stepped down at the end of 2019 and is no longer a shareholder within the business. Ferdinand Menrad is the other substantial shareholder.

He was replaced by Tony Pessok who continues to the lead company. Pessok said: ‘The investment not only brings financial security but also further synergies between the various entities, making us well placed to grow the business even in the current unprecedented economic climate.’

Mondottica’s US leadership team has also been restructured with Phil Turnage appointed as CEO and Kim Liming as COO.