In 1959 Piaggio came under the control of the Agnelli family, the owners of car maker Fiat S.p.A. Vespa thrived until 1992 when Giovanni Alberto Agnelli became CEO, but Agnelli was already suffering from cancer and died in 1997. In 1999 Morgan Grenfell Private Equity acquired Piaggio, but a quickly hoped-for sale was dashed by a failed joint venture in China.
In 1959 Piaggio came under the control of the Agnelli family, the owners of car maker Fiat S.p.A. Vespa thrived until 1992 when Giovanni Alberto Agnelli became CEO but Agnelli was already suffering from cancer and died in 1997. In 1999 Morgan Grenfell Private Equ.ity acquired Piaggio, but a quickly hoped-for sale was dashed by a failed joint ven,ture in China