La Perla fails to reach sale agreement with Fosun following end of exclusive talks
La Perla, the Italian lingerie firm, has failed to reach a sale agreement with Chinese conglomerate Fosun International [HKG:0656] following the end of exclusive talks, Italian-language daily Il Sole 24 Ore reported. The unsourced report said that owner Silvio Scaglia who holds the stake via his holding company Pacific Global Management is likely to abandon attempts to sell the company to Fosun and explore other options. The report claimed that Scaglia is already in talks with other parties.
One of the reasons the deal appears to have fallen through was Scaglia's high asking price, the report said.
La Perla is forecast to post a turnover of EUR 220m and a loss in 2017, as previously reported.