Asian consortium eyes Italian leathergoods and shoe brand
31/10/2013
London-based Fortelus is expected to close the deal with a group of investors including South Korean retailer E-Land and Hong Kong-based private equity firm CDIB Capital in November.
The luxury shoe and handbag brand dates back to the early 1900s when two brothers and their sister set up a workshop in their basement.
E-Land has been acquiring outlets, leisure holdings and fashion brands since 2009, and already owns upmarket Italian bag and wallet maker Mandarina Duck.
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