Italian fashion house Liu Jo gets set for sale parade-sources

Feb 10, 2015 788

The founding brothers of Italian fashion house Liu Jo are getting ready for a public share listing or partial sale to resolve differences over the company's future ownership, three sources familiar with the matter said.

Vannis Marchi, 67, is looking to sell his 36.8 percent stake in the Italian firm, which one of the sources said could be valued at up to 500 million euros ($573 million), 10 times its earnings before interest, tax, depreciation and amortisation (EBITDA) of 50 million euros.

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Source: http://www.reuters.com/

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