By  on January 6, 2009

MILAN — Gruppo Forall, which manufactures and distributes the Pal Zileri men’s wear brand, has teamed with a partner, Arafa Holding of Egypt, in a bid to further develop its business.

Arafa has taken a 35 percent stake in Forall through a capital increase, at a total cost of 25.3 million euros, or $35.6 million. The deal values Forall at 72.3 million euros, or $101.2 million.

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