Diesel may consider buys
Diesel, the privately owned, Italian clothing company, is looking for acquisitions, Il Corriere del Veneto reported. The item cited Chief Executive Officer Renzo Rosso who said it was the right time to make buys and that Diesel was examining dossiers.
The item cited Renzo as saying that Diesel was interested in "alternative" rather than "institutional" brands. The report said that Diesel would also look at non-clothing brand in order to expand into jewelery where Renzo said Diesel lacks know-how, and to improve its presence in accessories.
The report noted that Diesel closed 2012 with turnover of EUR 1.5bn, up 9.9% on 2011.
Source Il Corriere del Veneto