By  on May 8, 2013

MILAN — Calzedonia, the Verona, Italy-based hosiery and intimates label, has confirmed that it is in talks to acquire La Perla, the Italian company that specializes in luxury lingerie and swimwear.

Earlier this week, the two companies issued a joint statement confirming market speculation that they were negotiating a sale.

La Perla is owned by the American private equity fund JH Partners, and has been struggling.

Last year, the company announced plans to lay off up to 309 of its estimated 600 workers in Bologna, which led to a series of local protests.

According to today's statement: "Calzedonia is developing an industrial plan to be discussed by the involved parties that, considering the difficulties [La Perla] and the market are facing, has as its primary goal saving the largest number possible of jobs in Bologna."

RELATED STORY: Italy's Calzedonia on Growth Push >>

Calzedonia was founded by Sandro Veronesi in 1986, and the business is healthy, with net profit climbing 2.2 percent in 2012 to 137 million euros, or $176.7 million at average exchange rates, from 134 million euros, or $186.3 million, in the previous year.

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