According to Limoni Group president and chief executive officer Richard Simonin, the company’s banks have agreed to shave off roughly 70 percent of Limoni’s debt, with the remaining 114 million euros, or $141.3 million at current exchange, to be paid by 2017 at a low interest rate, and a fresh injection of 40 million euros, or $49.6 million, from Bridgepoint and Orlando.
“We are now able to focus, serenely, on the turnaround of the Italian leading retailer in perfumery, makeup and cosmetics, with 430 stores and 380 million euros turnover in 2011,” said Simonin.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)