MILAN — The financially struggling Piazza Sempione is seeing some light at the end of the tunnel.
The fashion firm is currently controlled by Luxemburg-based SLPS — a holding company including LVMH Moet Hennessy Louis Vuitton's private equity fund L Capital; the brand's founders Marisa Guerrizio and Roberto Monti, and chief executive officer Enrico Morra as a stake holder. Now Vicenza, Italy-based clothing manufacturer Sinv SpA has emerged as an interested investor in Piazza Sempione, which was hit by a financial crisis in 2011. In October last year, the Milan-based company filed a petition for a composition with creditors with the court.
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