Net Worth: $51 Million
- Source of Wealth Retailing (Nursery products)
- Nationality Italy
About Luisa Scacchetti
David and Luisa Scacchetti has a net worth of £34 million as of April 2012, according to the Sunday Times UK Rich List. Mamas & Papas, the Huddersfield pram and pushchair company, went from a £4.7m profit to a £1.6m loss in 2010-11, though sales were up smartly at £135m. Rising costs and the consumer slowdown hit the business, which has 62 stores in the UK and Ireland and its own online shop, and is expanding into Russia and Lebanon. Mamas & Papas’ London studio is designing products with the aim of keeping the company as the number 1 nursery brand. The company was started in 1980 when a pregnant Luisa Scacchetti could not find a stylish pram. She flew to her native Italy to buy one, and it was such a hit that she opened a shop. The business is run and owned by Scacchetti and husband, David. The business has £29m net assets and £5m for past salaries.