OVS S.p.A. (BIT:OVS) signed a contract to acquire assets of Stefanel S.p.A for €3.2 million on December 16, 2020.. Under the term of contract, OVS will buy the brand and 23 shops out of a total of 27, but it will not acquire Stefanel's headquarters, Margherita Grigolato. The transaction was approved by the Ministry of Economic Development on January 7, 2021.
OVS S.p.A. (BIT:OVS) completed the acquisition of assets of Stefanel S.p.A on March 1, 2021. OVS S.p.A. welcome almost 100 employees of the Stefanel S.p.A. under receivership. Raffaele Cappiello of Spada acted as financial advisor, CTDA Law Firm and Cavaliere - Mungari acted as legal advisor to Stefanel S.p.A. in transaction. Iannaccone e associati acted as legal advisor to OVS S.p.A..
OVS SpA is an Italy-based fashion company that designs, develops and merchandises menswear, womenswear and children's wear. The Company provides a wide range of different products, including apparel, accessories, footwear, sportswear and home furnishings, among others. It owns the OVS and UPIM brands and owns and manages, under the same trademarks, e-shops and counts over 1,600 stores in Italy and all over the world. The Company also owns the brands OVS KIDS and BLUKIDS, specialized in children's wear. Under the OVS brand the Company also provides customers with a dedicated and customizable personal shopper service bookable online.
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ESG MSCI
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