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Wise SGR Sells Boglioli

MILAN — Storied Italian men’s wear company Boglioli is changing hands.
Private equity fund Wise SGR, which held a 98 percent stake in Boglioli, has accepted an offer made by international fund PHI Industrial Acquisitions to buy the clothing firm. Financial details of the transaction were not revealed.
According to its web site, the Madrid and Barcelona-based PHI Industrial eyes majority stakes in companies with revenues of between 20 million and 250 million euros, or $22.2 million and $277.8 million at current exchange rates, located in the European area and engaged in “any activity sector other than the financial and real estate sectors.” The fund operates with a long-term commitment, it states.
The arrival of a new owner and fresh capital will allow Boglioli to present a plan for a voluntary arrangement with creditors, “with a view to starting out anew with a solid growth plan, also looking to grow on international markets,” the company said Thursday.
The first such step will be Boglioli’s return to Pitti Uomo with the spring 2018 collection designed by the in-house team. Creative director Davide Marello left the brand after the presentation in Milan of the fall collection. Marello was tapped in 2015 and he was the first to

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