Home / Knowledge / News / Apparel/Garments / Miroglio sells French operations of SYM to Steilmann
Miroglio sells French operations of SYM to Steilmann
05
Dec '12
Miroglio Group, the leading Italian textiles and apparel company and proprietor of, among others, the Motivi, Elena Mirò and Caractère brands, has struck an agreement for the sale of the SYM brand and its sales outlets in France with Steilmann Holding AG, the German specialists in men’s and women’s clothing who own the Steilmann, Stones and Apanage brands, as well as the Boecker department stores.

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

Must ReadView All

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Textiles | On 30th Mar 2017

Lok Sabha approves 4 supplementary GST legislations

The Lok Sabha has approved four supplementary Goods and Services Tax...

Courtesy: ShopKeep

Information Technology | On 30th Mar 2017

Shopkeep partners with software provider BigCommerce

ShopKeep, the cloud-based technology solution that transforms an iPad ...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search