Pacific Capital, which recently acquired Italian luxury lingerie company LA PERLA, has announced plans to invest over 120 million euros over the next 18 months. Under new ownership, La Perla is set to open 30 new mono-brand flagship stores throughout Asia and Europe, including a new flagship store in London in 2014.

The newly established company will keep on all 700 employees in Italy, and aims to boost its current 107 million euros turnover to 150 million euros in 2014, according to newspaper II Sole 24 Ore. The holding company has reportedly already invested 40 million euros into La Perla, after spending 69 million euros purchasing the brand and all its assets.

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Source: http://www.italialiving.com