Home / Knowledge / News / Apparel/Garments / Arafa acquires 35% stake in Italian fashion firm Forall Confezioni
Arafa acquires 35% stake in Italian fashion firm Forall Confezioni
16
Dec '08
Al Arafa for Investment and Consultancies S.A.E. ("ARAFA HOLDING") is pleased to announce that it has signed a definitive agreement for the acquisition of a 35% stake in Forall Confezioni S.p.A. ("FORALL GROUP") for a total consideration of Euro 25.3 million.

The acquisition will take place in the form of a capital increase that will be fully subscribed to by ARAFA HOLDING and that values FORALL GROUP at a pre money equity value of Euro 47 million (post money value of Euro 72.3 million).With cash and bank facilities in excess, ARAFA HOLDING has seized the right moment to close such a favorable deal.

Established in 1970 in Vicenza, Italy, FORALL GROUP is the owner of several prestigious brands as "PAL ZILERI" and "LAB. by Pal Zileri" among the others. Considered one of the top menswear brands all over the world, PAL ZILERI owes its brand awareness to the high quality of its products, fully styled and manufactured in Italy. PAL ZILERI has also a high standing distribution, developed through high-end locations in several countries including both consolidated markets like Italy, France, Spain, Switzerland, Germany, United Kingdom, Russia, the United States, Japan and emerging ones like China, India, Saudi Arabia and Qatar among others.

In its audited financial statements for the year ended December 2007, FORALL GROUP reported total revenues of Euro 136 million with an EBITDA of Euro 10.4 million.

Arafa Holding is a multinational organisation offering the highest quality apparel that exceeds the expectations of its customers - the owners of the world's leading brands.

Arafa Holding

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search