Bidayat, the investment platform founded by Rachid Mohamed Rachid, has acquired the intellectual property and a substantial part of the archives of renowned Italian fashion designer Walter Albini.
The Switzerland-based investment platform, part of the Alsara Investment Group company, said in a statement that it plans to relaunch Walter Albini as a global luxury brand, describing the dormant Italian fashion house as a “hidden jewel”.
Rachid Mohamad Rachid, founder and chairman of Bidayat, said: “We are honoured having unearthed this hidden jewel of Italian high fashion and are currently studying Walter Albini’s vast heritage to set the foundations for the future of the eponymous brand.
“Walter Albini deserves to claim its rightful place amongst the top luxury brands on the global stage. Our challenge will be finding the right calibre of leadership team to bring alive our vision and ambition.”
Currently, Bidayat said it is teaming up with various museums, cultural institutions, curators, publishers, media partners and luxury advisors to “create awareness and recognition about the legacy of Walter Albini and his transformative impact on the fashion industry” ahead of reviving the iconic brand. No timeline has been given from the investment platform on when the brand will announce the creative and leadership team or launch its first collection.
At the heart of the relaunch will be archival pieces from Walter Albini acquired from collector Dr Barbara Curti, whose mother Marisa Curti had been a long-term collector of Walter Albini since his early days as a designer. The archive is the largest garment and accessories repository of the brand and include fashion clothing pieces showcasing Walter Albini’s iconic prints, fabric accessories, as well as costume jewellery, original drawings, and photographs. Bidayat added that Curti will continue to act as an archive curator and advisor to Bidayat on the relaunch.
Curti, head curator of the Walter Albini archive, added: “I’m delighted to join forces with Bidayat to continue to look after and build on Walter Albini’s powerful archive. I am looking forward to having many more generations be inspired by this incredibly talented designer, whose drive for perfection changed the entire Italian fashion ecosystem.”
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