×
69 582
Fashion Jobs
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - ny 59th st
Permanent · NEW YORK
SACK OFF 5TH
Asset Protection Guard
Permanent · FARMINGTON HILLS
JCREW
Merchandise Planner
Permanent · New York
MACY'S
Asset Protection Detective, Pleasanton Stoneridge - Part Time
Permanent · Pleasanton
MACY'S
Asset Protection Officer, West Virginia - Full Time (2840)
Permanent · Martinsburg
MACY'S
Asset Protection Investigator, West Virginia - Part Time (2840)
Permanent · Martinsburg
MACY'S
Asset Protection Detective, Coronado Center - Part Time
Permanent · Albuquerque
MACY'S
Asset Protection Detective, Roosevelt - Part Time
Permanent · Philadelphia
MACY'S
Asset Protection Officer, West Virginia - Part Time (2840)
Permanent · Martinsburg
MACY'S
Manager, Merchandise Execution
Permanent · Aventura
MACY'S
Manager, Asset Protection
Permanent · Capitola
MACY'S
Manager, Merchandise Execution
Permanent · Boca Raton
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · TANNERSVILLE
UNDER ARMOUR
Stock Lead, ft
Permanent · WOODSTOCK
URBN
Assistant General Manager (m&v)
Permanent · GLEN MILLS
URBN
Free People Senior Merchandise Planner
Permanent · PHILADELPHIA
L'OREAL GROUP
Analyst - Supply Chain
Permanent · Streetsboro
L'OREAL GROUP
Payroll, Senior Business Analyst (IT Liaison) – l’Oreal Corporate Payroll
Permanent · St. Petersburg
L'OREAL GROUP
Senior Manager- Human Resources, Luxe Supply Chain
Permanent · South Brunswick Township
PRANA
Director, Strategic Accounts & Sales Business Development
Permanent · CARLSBAD
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Stanford
Permanent · PALO ALTO
ROSS
Store Protection Specialist
Permanent · Tampa
Translated by
Nicola Mira
Published
Mar 27, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Stefanel stays afloat after striking deal with two investors

Translated by
Nicola Mira
Published
Mar 27, 2017

After months of talks, Stefanel has brokered a deal which will stave off bankruptcy. The Italian fashion group has issued a press release reporting it has signed "a framework agreement for the restructuring of the company's debt, the strengthening of its assets and its relaunch," with Oxy Capital Italia and Attestor, two investment funds specialised in salvaging struggling companies.

 

A page from the website - Stefanel


The womenswear label pointed out that the deal was approved by the creditor banks. Between now and 31st July, Trinity Investment Limited, a fund managed by Attestor, will make available the sum of €10 million as emergency liquidity, to ensure Stefanel's short-term survival. The agreement also provides for fresh funding to bolster the fashion group's industrial relaunch plan, to the tune of €25 million, to be put up by investors and some banks.
 
Also, the banks will transfer the group's loans to another company, controlled by Oxy Capital Italia and Attestor.

Stefanel has been struggling in the last few years, and notched up losses for €14.18 million in the first 11 months of 2016. In early November it eventually decided to file with the court to make arrangements with its creditors, setting up a protection procedure allowing Stefanel to stay in business, while negotiating with creditors and potential investors.
 
The new agreement was very well received by the stock market, and on Friday 24th March Stefanel shares traded strongly in Milan.

Copyright © 2023 FashionNetwork.com All rights reserved.