Opera closes in on controlling stake in Bruno Magli - leatherbiz: Lead Leatherbiz

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Opera closes in on controlling stake in Bruno Magli

10/09/2001

Private equity fund Opera has reached a preliminary agreement to acquire a controlling stake in Bruno Magli, an Italian luxury brand specialising in footwear.

Opera is planning to expand the Bruno Magli brand in international markets with a $50 million cash injection. Bulgari, the leading luxury jeweller and accessories company that owns 50% of Opera, will be able to offer Bruno Magli an extensive network of contacts in the luxury sector along with strategic expertise.



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