×
316
Fashion Jobs
TIME TECHNOPLAST
Area Sales Manager
Permanent · Andheri
LIFE TURN MANAGEMENT CONSULTANT
sr. Manager Production - Sricity, Tada - Mnc Company - Engineering Ind
Permanent · Tada
MCKENZIE
Hiring For Retail Store Merchandiser / Manager
Permanent · Chennai
V2B GLOBAL CONSULTANTS
sr Technician Apparel -Buying Office
Permanent · Gurugram
MANPOWERGROUP SERVICES INDIA
Opening || Horeca Sales Manager || Kolkata
Permanent · Kolkata
ADIDAS
Senior Product Owner - Machine Learning & ai
Permanent · GURUGRAM
ADIDAS
Senior Technology Consultant - Omnichannel
Permanent · GURUGRAM
PUMA
Manager- Warehouse (B2C)
Permanent · Bengaluru
HARMAN FINOCHEM
sr. Manager- Api Production For Srp With Leading Pharma @ Aubad
Permanent · Aurangabad
PNB HOUSING
Area Sales Manager
Permanent · Thane
PNB HOUSING
Area Sales Manager
Permanent · Pune
JM FINANCIAL HOME LOANS LTD
Area Sales Manager - Home Loans
Permanent · Chennai
DANIEL WELLINGTON
IT Support Specialist
Permanent · MUMBAI
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Karaikal
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Thiruvarur
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Tirunelveli
AVANTOR
Area Sales Manager- Lab Consumables
Permanent · Pune
ADIDAS
Manager Brand Activation Originals
Permanent · GURUGRAM
ZACH LIFESTYLE PVT. LTD.
Manager - Content & Social Media
Permanent · MUMBAI
NEW ALFA INTERNATIONAL
Foundry Production Manager
Permanent · Dubai
MEDCIS PATHLABS
Medcis Pathlabs is Hiring For Pathology Area Sales Manager
Permanent · Visakhapatnam
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-b.Tech Fresher-German Mnc -Immediate Joining
Permanent · Bhubaneswar
By
Reuters
Published
Jun 4, 2013
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Italian entrepreneur Scaglia bags La Perla at auction

By
Reuters
Published
Jun 4, 2013

BOLOGNA (Reuters) - Italian entrepreneur Silvio Scaglia, the founder of telecoms group Fastweb, bought ailing luxury underwear maker La Perla at a court-led auction on Tuesday.

Scaglia, who bid through Luxembourg-based SMS Finance, said he had won the auction with a 69-million-euro ($90 million) offer. Loss-making La Perla is being restructured under the supervision of a court in accordance with Italian law.

"We will make La Perla a great international brand for beauty and feminine luxury," Scaglia told reporters.

Italy-based fashion group Calzedonia and Israel's Delta Galil Industries also bid in the auction for La Perla.

La Perla has been looking for possible partners since the end of 2012 to help it withstand declining sales and a credit crunch at home.

The other two bids were very close to the winning offer, Scaglia said. Calzedonia chief Sandro Veronesi had previously said his company would pay 68 million for La Perla.

La Perla, which sells over 67 percent of its products in recession-hit Europe, booked revenues of 107 million euros in 2012, slightly lower than a year earlier.

The restructuring process has been closely watched by Italian trade unions, who fear job losses. The acquisition will protect 800 jobs, Scaglia said.

U.S.-based private equity fund JH Partners bought La Perla in 2008 and has invested around 50 million euros in the company.

Scaglia said he would pump a further 110 million euros into relaunching the brand.

(Reporting by Valentina Accardo, Writing by Isla Binnie; Editing by Mark Potter)

© Thomson Reuters 2023 All rights reserved.