Latest news with #AltofareGroup
Bloomberg
03-07-2025
- Business
- Bloomberg
Banks Are Offloading Some of Luxury Supplier Altofare's Debt
Banks are cutting their exposure to luxury supplier Altofare Group, after a slump in the sector pushed the company to kick off talks with creditors. Illimity SGR SpA has bought a chunk of the €145 million ($171 million) of loans, while DeA Capital SpA is in talks to purchase a larger portion, said people familiar with the matter who spoke on condition of anonymity. Some banks are selling their whole exposure while others are holding on to their positions.
Bloomberg
27-03-2025
- Business
- Bloomberg
Italian Luxury Supplier Plans Creditor Talks as Demand Slows
Luxury supplier Altofare Group is preparing to kick off debt talks with its creditors as spending on high-end goods declines. The company, which oversees a group of Italian suppliers to the luxury world, has hired KPMG and law firm Chiomenti for advice on its debt, according to people familiar with the matter, who spoke on condition of anonymity because the details aren't public. Altofare is owned by private equity firm White Bridge Investments.
