×
292
Fashion Jobs
FABINDIA OVERSEAS PVT. LTD.
Retail Planner
Permanent · NEW DELHI
SELECTIVE GLOBAL SEARCH PVT. LTD.
Business Development
Permanent · NEW DELHI
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KARIMNAGAR
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · MIRYALAGUDA
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KOTHAGUDEM
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · NAGARKURNOOL
LIFESTYLE BRANDS
Area Sales Manager Bangalore
Permanent · BENGALURU
HIRING STUDIO
Chief Financial Officer
Permanent · HOSAPETE
RJ CUBE STAFFING SOLUTIONS
Storekeeper
Permanent · DELHI
ORIENT CRAFT LTD.
Production Incharge
Permanent · NEW DELHI
GETNATTY DESIGNTECH PVT. LTD
Business Development & Sales Specialist
Permanent · MUMBAI
CONSULT IN INDIA
Area Sales Manager- (South & West Region)
Permanent · Kota
ADECCO INDIA PRIVATE LIMITED
e Commerce Executive :Garments Company:Kolkata
Permanent · Kolkata
NCDI PLACEMENT CONSULTANCY
Sales Coordinator (Male) For Leading Retail Store
Permanent · Lucknow
2COMS CONSULTING PVT LTD.
Area Sales Manager Knitwear/ Innerwear
Permanent · Mumbai
SEARCHLIGHT HR SERVICES PVT. LTD
Sales Manager- Fragrances
Permanent · Chennai
KEYSTONE CONSULTING PVT LTD
Business Development - Textile Company
Permanent · Coimbatore
JOB SEARCH
General Manager - Mumbai & Delhi Exp in Textile Testing Industry Only
Permanent · National Capital Region
JOB SEARCH
sr. Executive - Accounts & Finance - Vile Parle
Permanent · Mumbai
CAREER CROSSWAYS
Export Marketing Manager
Permanent · Ahmedabad
TEJASWI SERVICES PVT LTD
Business Development Executive
Permanent · Mumbai
FABRIC AID INDIA PVT LTD
Accounts Manager
Permanent · National Capital Region

Valentino Fashion Group agrees recapitalisation

By
Reuters
Published
today Dec 23, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

MILAN, Dec 23 (Reuters) - Italy's Valentino Fashion Group (VFG), bought by private equity investor Permira [PERM.UL] two years ago, has agreed a recapitalisation deal, reducing debt by one third to 1.5 billion euros ($2.2 billion), it said on Wednesday 23 December.



In a statement, VFG said Permira and Italian investor the Marzotto family, who control VFG via the Red & Black company, had committed to putting up over 250 million euros in additional equity in the recapitalisation.

The deal includes "the reorganisation of the group structure below the controlling shareholder Red & Black, separating ownership of Hugo Boss from VFG", it said.

Germany's Hugo Boss (BOSG_p.DE) is one of three VFG brands, which also include Valentino and Marlboro Classics.

Creditor bank Citigroup is selling its debt position to Red & Black, while Italy's Mediobanca SpA (MDBI.MI) and UniCredit SpA (CRDI.MI) will continue as lenders, VFG said.

Terms on the remaining debt have been amended to increase VFG's financial flexibility to support its growth plans, it said.

Earlier this month sources close to the recapitalisation said Permira was in talks to buy some of the debt amassed to purchase VFG.

Hugo Boss shares closed up 0.7 percent at 24.410 euros, underperforming the DJ Stoxx personal goods sector index .SPQP which was up 1.2 percent. (Editing by David Holmes) ($1=.6986 Euro) (Milan newsroom, +39 02 6612 9507, fax +39 02 801149, milan.newsroom@news.reuters.com))

© Thomson Reuters 2019 All rights reserved.