×
165
Fashion Jobs
ADD UR CO LLP
Production Manager
Permanent · Chennai
HR CAPITAL CONSULTING
General Manager Operations- Garment Export
Permanent · National Capital Region
THE GLOBAL ZONE HR SERVICES
Production Manager/ Manufacturing/ Engineering/ Engineer/ Production
Permanent · National Capital Region
ADD UR CO LLP
Production Manager
Permanent · Chennai
ADD UR CO LLP
Logistics Manager
Permanent · Chennai
PEEPAL HR ASSOCIATES (OPC) PVT LTD
Ceo Textile Business (Please Read The jd Before Applying)
Permanent · Hyderabad
VERUSCHKA
Social Media And PR Specialist
Permanent · MUMBAI
VERUSCHKA
E-Commerce Manager
Permanent · MUMBAI
H&M
E-Commerce Commercial Manager
Permanent · NEW DELHI
H&M
Area Facility Manager
Permanent · NEW DELHI
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
By
Reuters
Published
May 8, 2013
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Luxury underwear maker La Perla in sale talks with Calzedonia

By
Reuters
Published
May 8, 2013

MILAN - Italy's luxury underwear maker La Perla has entered exclusive talks with fashion group Calzedonia over the sale of a controlling stake that would help the loss-making group relaunch on international markets.

The companies said in a joint statement on Tuesday that they would examine the terms of a possible tie-up with the aim of preserving jobs in Italy while opening stores in Asia, Russia and Latin America. No financial details were released

A recent La Perla publicity campaign

Founded in 1956 by a corset-maker in the city of Bologna, La Perla was bought in 2008 by U.S. private equity fund JH Partners, which has invested around 50 million euros ($65 million) in the firm.

The company has been looking for possible partners since the end of 2012 as it needs liquidity to cut debt and open 160 stores over the next three years.

Also known for its 500-euro ($650) lace corsets, La Perla booked revenues of 107 million euros in 2012, slightly below a year before. First-quarter sales were in line with 2012, it said.

La Perla is among Italian brands seeking investors to fund their retail expansion abroad at a time of limited access to credit and declining sales at home.

The group sells over 67 percent of its products in Europe, with Asia accounting for 16 percent and the U.S. 17 percent.

Italy's Calzedonia, which also owns the Intimissimi and Tezenis underwear brands and competes with Italy's Yamamay, is distributed in 30 countries through a franchising sale network.

Similar to retail chains like H&M and Inditex's Zara, Calzedonia offers colourful lingerie and beachwear at affordable prices with a strong focus on fashion.

Trade unions at La Perla welcomed news of the talks as they fear for the future of around 300 La Perla workers in Italy.

"Calzedonia is a textile and fashion group and knows what they are doing. And it helps that it is Italian," Rossana Carra of the Femca Cisl union told Reuters after a meeting with the company's management in Bologna.

© Thomson Reuters 2022 All rights reserved.