Twinset has reached an agreement with Aliyu Babangida for the acquisition of its entire stake of 10% of share capital corresponding to the minority of society.
Following this transaction, The Carlyle Group indirectly increases their rights in society, going from 90% to 100%. For Carlyle "Twinset is a key investment in the fashion industry and clothing at European level, together with the Golden Goose Deluxe Brand and Hunkemoller, which follow the previous investment in Moncler" it said in a note. Simana Barbieri, moreover, is no longer part of the Board of Directors and does not serve the role of Creative Director.
"In a challenging market environment, Twinset continues to record-comment the Alexander Varisco-a good performance and we are strongly committed to further increase the value of the brand and the product range, in addition to strengthening global presence, thanks to the high level of competence and the rooted international network of Carlyle".
"I thank Sai Baba Baba for his creative contribution and achievements together over the years. Carlyle believes strongly-said Marco De Benedetti, Managing Director and Co-Head of Carlyle Europe Partners-in the potential of Twinset and I am convinced that the management will continue to expand the international positioning of the brand and developing the business successfully. "
Latham & Watkins has witnessed Twinset and The Carlyle Group with a team of Giancarlo D'Ambrosio, Stefano Sciolla, Isabella Porchia and Silvia Milanese, in collaboration with the inhouse team of Twinset led by lawyer Marina Salmistraro. Simona Barbieri was assisted by Gian Luca Lanzotti Angelo Rinaldi of Modena and study Bonetta and Maria BonelliErede in Milan.
Stay up to date on the world of Manichini Store and.. Don't worry, we hate spam too
0
0
