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Moncler sells sportswear unit to Cavaliere Brands

 
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BeitragVerfasst am: 19.11.2013, 18:48    Titel: Moncler sells sportswear unit to Cavaliere Brands Antworten mit Zitat

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ITALY: Moncler sells sportswear unit to Cavaliere Brands
By Stuart Todd | 12 November 2013
moncler Italian luxury apparel group Moncler has announced the sale of its division Industries Sportswear Company (ISC) to Cavaliere Brands (Italia), a company indirectly controlled by Emerisque Brands UK Ltd. moncler outlet store The value of the transaction has not been disclosed. moncler jackets ISC comprises the Marina Yachting, Henry Cotton's and Coast Weber &amp; Ahaus brands, as well as the licence 18CRR81 Cerruti.
moncler outlet store locations Moncler did not comment on the reasons for the sale of ICS which last year posted a turnover of EUR135m (US$181.3m). women moncler boots Immediately after the completion of the transaction, a special-purpose financial vehicle owned by Moncler's shareholders subscribed to a capital increase in Cavaliere Brands (Italia) and acquired a 30% stake in its share capital. French investment company Eurazeo is Moncler's biggest shareholder with a 45% stake. Last month, just-style reported that Moncler, best known for its iconic down jackets, was poised to make its entry on the stock market. Pre-marketing of the IPO began yesterday (11 November) and around 30% of the company's capital could be floated, according to sources close to the operation.
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12 Nov 2013 - BANGLADESH: Hundreds of garment factories shut in wage clash 12 Nov 2013 - CAMBODIA: One person killed during SL Garment protests Currently reading - ITALY: Moncler sells sportswear unit to Cavaliere Brands 12 Nov 2013 - US: USA-ITA rebrands as US Fashion Industry Association 12 Nov 2013 - Trade deals move ahead in changing US apparel industry
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