Merger and acquisitions within the fashion and accessories markets have recently spiked. In the latest news we reported that there were several interest parties in acquiring undergarment brand La Perla. Well, all are in and there has been a selection!
According to Women’s Wear Daily, SMS Finance is all set to acquire La Perla. The Compnay offered €69 million, or $90.3 million at current exchange, to acquire Bologna, Italy-based La Perla. Recently, many speculated that Gruppo Calzedonia would add La Perla to its portfolio. Another bidder for the company was Delta Galil of Israel.
La Perla is an Italian clothing company specializing in lingerie. La Perla was founded in 1954 by corset-maker Ada Masotti, in Bologna, Italy. The company began manufacturing swimwear in 1971. La Perla opened boutiques in 1991, in Milan and Paris. In 1993, La Perla expanded into perfume, with a perfume bottle designed by Pierre Dinand.
By Lolita A. Alford