Two US funds battling to take over luxury shoemaker Bruno Magli

Dec 02, 2014 1213

Revamping the brand and keeping the headquarters in Bologna. These are the conditions that Giuseppe Pirola, CEO of Bruno Magli –the Italian historic footwear company– has set for investment funds interested in acquiring the brand, which just days ago was on the brink of bankruptcy.

The collapse was staved off by a Bologna judge, who accepted the proposal for an agreement put forward by the proprietor, Swiss fund Da Vinci Invest.

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Source: http://www.italy24.ilsole24ore.com

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