×
334
Fashion Jobs
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Chatra
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager (up)
Permanent · Mirzapur
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - wb
Permanent · Cooch Behar
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
MUTHOOT FINCORP LTD
Area Manager - Chennai
Permanent · Chennai
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Katihar
VIJAY SYSTEMS ENGINEERS PVT LTD ( UMBERGOAN)
Production Manager
Permanent · Vapi
VIDVAS HR SOLUTIONS PRIVATE LIMITED
sr Manager - Production . Only Leather Bags Exp - Chennai
Permanent · Chennai
SHREE SADGURU MASALA & SPICES IND PVT LTD
Regional Sales Manager
Permanent · Navi Mumbai
MAGNATEK ENTERPRISES
Looking For Area Sales Manager
Permanent · Chennai
BANDHAN LIFE SCIENCE PRIVATE LIMITED
Area Sales Manager
Permanent · Kolkata
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Ludhiana
FIRST SOLUTION
Agency Development Manager/Recruitment Development Manager(Insurance)
Permanent · Pune
NCL INDUSTRIES LIMITED (BISON PANEL)
Area Sales Manager - Hyderabad (Boards Division)
Permanent · Hyderabad
LN GLOBAL CAREER SERVICES LLP
Required Regional Sales Manager For Pharmaceutical Company
Permanent · Chennai
LN GLOBAL CAREER SERVICES LLP
Required Zonal Sales Manager For Pharmaceutical Company
Permanent · Chennai
LEVI'S
Group Product Manager
Permanent · Bengaluru
AVENUE SUPERMARTS LIMITED
Excellent Opportunity With Dmart _ Production Managers
Permanent · Chikmagalur
ENOAH I SOLUTION INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Bengaluru
KISHOR EXPORTS
Garment Technician
Permanent · Agra
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Delhi / Ghaziabad
Permanent · Ghaziabad
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 © 2021 FashionNetwork.com All rights reserved.