(Finance) – Enzo Mattioli Ferraridirect descendant of Enzo Ferrari and nephew of Piero, as well as CEO of Ferrari Family Investments and Trustee of the Piero Ferrari Trust, has decided to invest in Cavallino Inc.an American company that has published the bimonthly Cavallino magazine since 1978 and has organized the renowned Palm Beach Cavallino Classic Elegance Competition since 1992. It’s about the largest event in the world dedicated exclusively to Ferrari carsnow with a global presence thanks to recently launched editions in Modena, Abu Dhabi and the upcoming first edition in Sydney.
This decision brings the Ferrari family into the oldest independent project to the world dedicated to the preservation of Enzo Ferrari’s legacy, we read in a note.
Luigi Orlandiniwho has led Cavallino’s growth over the last four years since its acquisition by the Emilian company Canossa, continues to hold the role of Chairman and CEO of Cavallino. Enzo Mattioli Ferrari assumed the role of President.
“I firmly believe in the Cavallino project and for this reason I am enthusiastic about participating in its development and growth, not only with financial investments, but with strategic involvement“, said Enzo Mattioli Ferrari.
“For my family, the Prancing Horse has always been a symbol of our entrepreneurial, sporting and cultural history – he added – Cavallino has a crucial mission: to promote the passion for the Prancing Horse and help protect the legacy of Ferrariwhile supporting and promoting the continued growth of the classic car sector.”