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Luisa Scacchetti currently has a net worth of $51 million. 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 was run and owned by Scacchetti and husband, David. The business has £29m net assets and £5m for past salaries.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2014 |
Sale of Asset |
Sale of the company Mamas and Papas to private equity firm Blue Gem |
$26,810,000 |
|
2008 |
Asset |
Current value of David and Luisa Scacchetti's company Mamas and Papas |
$46,910,000 |
|
2007 |
Earnings |
Profit on the sales of the products of Mamas and Papas for the year 2007 |
$3,350,000 |
|
2005 |
Earnings |
Profit on the sales of the products of Mamas and Papas for the year 2005 |
$6,840,000 |