Cantarelli sales process kicks off (translated)
16 DEC 2016
Administrators for Cantarelli, the Italian fashion that specializes in clothing for men, has announced the sale of the company, Italian language daily Il Sole 24 Ore reported.
The report cited calls for manifestations of interest published in various press outlets in the last few days.
The report said that potential bidders have been invited to put in non-binding offers in order to be admitted to the data room to carry out due diligence. The report said that binding offers would then be solicited.
The report added that the company is being sold off as a whole.
The report noted that Cantarelli employs 260 workers.