Wise SGR, the private equity fund that owns all shares of the Italian fashion firm, has recently completed the acquisition of approximately half of its current debt load at merchant bank GE Capital Interbanca.
The operation was partially conducted through a capital increase and raised Wise SGR’s net worth to over 21 million euros, or about $28.5 million at current exchange rates.
Wise SGR said the operation “significantly raises Boglioli’s financial profile” and will help the company with future retail expansion in Italy and abroad.
The financial firm also said Boglioli chief executive officer Giovanni Mannucci and Ferrari Brand ceo Andrea Perrone had participated in the capital increase.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)