Italian luxury suitmaker Canali said last week it had taken a 49 percent stake in software firm Datafashion to help develop applications and management tools for the fashion and luxury goods sector.
“We are very satisfied with [the partnership], despite the general economic downturn,” Canali general manager Stefano Canali said without disclosing terms of the deal. “We wanted to support and give new lifeblood to a young and competitive industrial group in virtue of the quality of the IT solutions that we have had the privilege of experimenting with over the last 10 years.”
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