Miroglio sells French operations of SYM to Steilmann

SYM represents a development opportunity for Steilmann in France, as the brand will combine synergically within the group, allowing for the expansion of its distribution network in the country.For its part, the Miroglio Group intends to concentrate investment on the brands making up its core business.

Both CEOs, Giuseppe Miroglio and Michele Puller, say they are very satisfied with the operation, which further strengthens relations between the two groups. The deal was completed on 19 November 2012. Advisors for Miroglio Group were BNP Paribas, while Steilmann Holding AG were advised by Zonca Briolini Felli.

Miroglio Group