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..