NEW OWNER: Milan-based company Polaris, which is controlled by Korean LG Fashion corporation, has completed the acquisition of Allegri. The outerwear brand, which celebrates its 40th anniversary this year, was formerly owned by the Allegri family and equity fund Orlando Italy Management. According to Italian unions Filctem Cgil and Uilta Uil, all 98 employees in Allegri’s factory, showroom and stores, located in Vinci, Milan and Florence, will be integrated in the new company.

Allegri declined to comment and LG Fashion corporation was not immediately reachable.

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