Malo may be acquired by consortium of US investors (translated)
05 OCT 2017
Italian cashmere brand Malo could be acquired by a consortium of US investors, Italian-language daily Il Sole 24 Ore reported. The report cited Malo's general manager Luciano Donatelli, who said that he met with the investors in New York and hoped that an offer would be presented on 15 October to the Firenze Tribuna, the court where Malo has asked for bankruptcy protection under the "concordato preventivo" procedure.
Experts valued the company at EUR 40m to EUR 100m in 2014, according to previous reports.