×
3 374
Fashion Jobs
NEXT
Delivery Coordinator - mk 1 Milton Keynes
Permanent · MILTON KEYNES
FARFETCH
SEO Specialist - Farfetch Platform Solutions
Permanent · LONDON
FARFETCH
Performance Marketing Executive - Farfetch Platform Solutions
Permanent · LONDON
FARFETCH
Senior Performance Marketing Executive, Farfetch Platform Solutions
Permanent · LONDON
FARFETCH
CRM Specialist – Farfetch Platform Solutions
Permanent · LONDON
FARFETCH
Stock Compliance Principal
Permanent · LONDON
FARFETCH
Senior SEO Specialist - Farfetch Platform Solutions
Permanent · LONDON
FARFETCH
Director of Finance Business Partnering - Platforms
Permanent · LONDON
FLANNELS
Retail Events Manager- Liverpool Flannels
Permanent · LIVERPOOL
FRASERS GROUP
Ecommerce Trading Manager
Permanent · LONDON
SPORTS DIRECT
Loss Prevention Supervisor
Permanent · NOTTINGHAM
FLANNELS
Loss Prevention Supervisor - Flannels
Permanent · DERBY
HOUSE OF FRASER
Loss Prevention Supervisor - House of Fraser
Permanent · CROYDON
NEXT
Sales Coordinator - Antrim Clearance
Permanent · ANTRIM
NEXT
Sales Coordinator - Edinburgh Gyle
Permanent · EDINBURGH
NEXT
Sales Coordinator - Belfast Boucher Retail Park
Permanent · BELFAST
NEXT
Sales Coordinator - Irvine Clearance
Permanent · IRVINE
NEXT
Delivery Manager - Bristol Cribbs
Permanent · BRISTOL
NEXT
Delivery Coordinator - Belfast Donegal Place
Permanent · BELFAST
STELLA MCCARTNEY
CRM Analyst
Permanent · LONDON
NEXT
Sales Coordinator - Blackburn Townsmoor
Permanent · BLACKBURN
NEXT
Sales Manager -Wrexham Outlet
Permanent · WREXHAM
Ads
Translated by
Nicola Mira
Published
Mar 30, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Stefanel to sell 75% of capital to Oxy Capital Italia and Attestor investment funds

Translated by
Nicola Mira
Published
Mar 30, 2017

The outline of the deal for Stefanel's salvage and relaunch is now clearer. The Italian fashion group has in fact published a document on its website indicating that its future partners, the Oxy Capital Italia and Attestor investment funds, both specialised in the acquisition of struggling companies, will take over 75% of the group's capital currently held by Giuseppe Stefanel.



Giuseppe Stefanel will sell a 75% stake in his group - stefanel.com


Giuseppe Stefanel has led the group since 1970, when he took charge of the women's ready-to-wear business founded by his father Carlo in 1959. The group, based in Veneto, Italy, has always been strong in knitwear. As part of the new agreement, Giuseppe Stefanel will become the group's Non-executive President.

On 23rd March Stefanel signed a memorandum of understanding with the two investment funds, for "the structuring of its debt, the strengthening of its assets and the company's relaunch." The operation is yet to be approved by the court, and provides for an injection of €25 million's worth of new financial resources.

In the first 11 months of 2016, Stefanel suffered losses for over €14 million, and in early November it filed with the court to set up a protection procedure to allow the group to stay in business while negotiating with its creditors and potential investors.

Copyright © 2023 FashionNetwork.com All rights reserved.