
Italian fashion retailer Stefanel has opened its first store in Denmark at the Kurhotel hotel in Skodsborg, on the outskirts of Copenhagen.
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Italian fashion retailer Stefanel has opened its first store in Denmark at the Kurhotel hotel in Skodsborg, on the outskirts of Copenhagen.
Two private equity funds that have agreed to take over loss-making Italian clothing company Stefanel plan to relaunch the brand and sell it within five years, a source at one of the funds said.
In the wake of last week's deal, the Italian fashion group has further stated that investors Oxy Capital Italia and Attestor will acquire a 75% stake in the group.
Burdened with losses in excess of €14 million, the fashion group has struck a deal with investment funds Oxy Capital Italia and Attestor, to restructure its debt and spark its relaunch.
Struggling Italian clothing company Stefanel said on Friday it was in talks with private equity funds Oxy Capital and Attestor Capital over a deal that would hand them majority ownership of the group.
Italian clothing company Stefanel is working against the clock to secure investment from a partner by the end of the year and avert the risk of bankruptcy, three sources told Reuters on Friday.
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The Italian company Stefanel has published the consolidated results for its first quarter: while its turnover was almost stable, its losses have only been somewhat reduced for the moment.
The clothing and accessories brand developed by Italian tire manufacturer Pirelli has appointed Paolo Vazzoler (ex Stefanel and MCS Marlboro Classics) as its general manager, a position that has been vacant since 2013.