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June 21, 2007
Brioni Buyback Keeps Business In The Family
The Brioni family has taken control of its eponymous brand through a buyback of a 17 percent stake in Brioni Roman Style S.p.A The shares belonged to former CEO Umberto Angeloni and Gabriella De Simone. They were purchased by Brioni family members for an undisclosed sum.
The buyback will keep the Italian luxury brand in the Brioni family at a time when most fashion brands are being gobbled up by equity firms.
Posted by Blacks on June 21, 2007 09:20 AM
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