×
201
Fashion Jobs
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Kulithalai
DMART
Dmart - Circle Manager - Human Resources
Permanent · Nagpur
DMART
Dmart : Senior Officer / Asst. Manager - HR
Permanent · Bhopal
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Davanagere
ASSORT STAFFING SERVICES
Area Sales Manager | Chennai | Only 7+ Yrs in Apparels Apply
Permanent · Chennai
H&M
Head of HR - Tech Location India
Permanent · BENGALURU
H&M
HR Business Partner
Permanent · NEW DELHI
SK APPARELS
Factory Manager - (Vamatex & Smit Terry Looms Factory)
Permanent · Karur
ADIDAS
Senior Specialist - Finance Operations fp&a
Permanent · CHENNAI
ADIDAS
Manager - Gbs Global Strategy Activation
Permanent · CHENNAI
ADIDAS
Senior Manager HR Data
Permanent · CHENNAI
ADIDAS
Profit Protection Specialist
Permanent · GURUGRAM
ADIDAS
Senior Manager - Company Secretary -Aimpl
Permanent · GURUGRAM
L'OREAL GROUP
Product Manager- Kiehl's, Luxury
Permanent · Mumbai
L'OREAL GROUP
Senior Key Account Manager - Ecommerce, Ppd
Permanent · Mumbai
METROPOLIS HEALTHCARE
Territory Sales Manager
Permanent · Guwahati
2COMS
Area Sales Manager Institutional Sales
Permanent · Chennai
POLYCAB
Area Sales Manager - Lhdc - Ludhiana
Permanent · Ludhiana
KOTAK MAHINDRA BANK
Urgently Hiring For Area Sales Manager- Agri
Permanent · Coimbatore
SUPERDRY
Ethical And Sustainability Manager
Permanent ·
ION EXCHANGE
Area Sales Manager or Assistant Area Sales Manager
Permanent · Vapi
L'OREAL GROUP
Officer / Executive - Sales Planning, l’Oreal Dermatological Beauty Division
Permanent · Mumbai
Published
Feb 9, 2011
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

La Rinascente: transfer discussions confirmed

Published
Feb 9, 2011

Important issues have started being discussed in the last few weeks about the capitalist future of Italian department store chain La Rinascente. After rumors of such discussions appeared on an edition of Italian newspaper ‘Il Sole 24 Ore’, they have finally been confirmed by a spokesperson for the Borletti group. In other words, companies that acquired shares in La Rinascente’s capital in 2005 believe that now is time to leave. They are the Deutsche Bank, Italian real estate agent Prelios and Investitori Associati.

Rinascente
La Rinascente store in Milan

According to the Italian press, the above shareholders are currently talking to Thai distribution group Central Retail Corp under the advice of Morgan Stanley and banker Claudio Costamagna. Meanwhile, the Borletti group, which owns 4% of La Rinascente, is having other separate discussions to try to gather associates.

Without giving any names, the Borletti group confirmed that luxury groups are interested. Italian newspaper ‘Il Sole 24 Ore’ mentions Prada, LVMH and PPR. According to our sources, the situation could unravel in the next two weeks.

PPR’s suddent comeback in the world of department stores would be quite ironic, since it was the French group that sold Printemps to Borletti in the first place. In France, the Italian group owns nearly one third of the nation’s department stores’ capital. The transaction was concluded in 2007.

Copyright © 2023 FashionNetwork.com All rights reserved.