WHP Global has acquired the global trademarks for the Italian sports brand Lotto. Lotto Sport Italia S.p.A. (LSI) and its current leadership team, including CEO Andrea Tomat, will continue to operate the Lotto brand in the core markets of Italy, Europe, the Middle East, and Africa.
Together, LSI and WHP will provide design, product development, marketing, and brand management services to Lotto’s extensive existing network of more than 50 global partners worldwide who generate more than U.S. $400 million in annual retail sales.
“I am excited about this partnership as it is a key step to ensuring the growth of Lotto, a brand with a great reputation and well-known all over the world,” stated LSI’s President and CEO Mr. Andrea Tomat. “With WHP Global we immediately shared the relevance of the values that Lotto brings with it—values linked to sport, innovation, well-being, lifestyle, and Italian taste. These are the strengths we will invest in to ensure a growing global presence in key international markets. This partnership is an Italian success too, because, thanks to an innovative collaboration with WHP, Lotto will be able to compete at the highest levels to become one of the most loved sportswear brands in the world.”
WHP Global CEO Yehuda Shmidman commented, “Lotto is a legendary Italian performance sports brand rooted in priceless heritage that athletes and fans around the world love. We are very optimistic about the brand’s future as we work in close partnership with Mr. Andrea Tomat and the entire team at LSI. There is so much upside here, especially as we look to expand the brand from its current reach to the USA and other major markets around the world.”
“2021 will remain in history for the outstanding results achieved by Italian athletes and we are very happy to have shared this beautiful moment with Matteo Berrettini, who reached the final at Wimbledon wearing Lotto,” added Tomat.
WHP Global is a New York-based global brand acquisition and management firm backed by equity capital from funds managed by Oaktree Capital Management, L.P. and leverage financing provided by BlackRock. WHP owns and manages over USD$3.5 billion in retail sales across its portfolio of brands that includes Anne Klein, Joseph Abboud, Toys “R” Us, Babies “R” Us, and Lotto.
Photo courtesy Lotto