Latest news with #WhiteBridgeInvestments
Fashion Network
a day ago
- Business
- Fashion Network
Italian fashion supplier Altofare enters talks with creditors as sector slows
Owned by private equity firm White Bridge Investments, Altofare oversees a network of Italian manufacturers serving the luxury fashion industry. The group includes companies specializing in buttons, metal finishes, resins, and jewelry components—among them Lampa Srl, known for its shoe accessories and hardware. The luxury sector has faced mounting challenges in recent quarters. According to the latest Bain & Co. report, global personal luxury goods sales are expected to contract by 2% to 5% this year, following a flat performance in 2024. Altofare's debt was issued via Lampa and is due to mature between 2028 and 2029. However, the company must make semi-annual amortization payments, as outlined in its most recent annual report. Earlier this year, Bloomberg reported that Altofare had entered discussions with creditors to restructure its obligations. The company joins a growing list of luxury suppliers navigating financial strain. Other players in the sector, including MinervaHub SpA, are also in talks with creditors to revise their debt terms—highlighting ongoing pressure across the luxury manufacturing chain.
Bloomberg
14-04-2025
- Business
- Bloomberg
White Bridge Weighs Sale of Supplements Maker Named Group
Italian private equity firm White Bridge Investments is exploring a sale of food-supplements firm Named Group, which could be valued at as much as €800 million ($907 million), according to people familiar with the matter. White Bridge is working with Nomura Holdings Inc. to prepare for the potential divestment, said the people, who asked not to be identified as the information is private. Named Group could attract interest from major buyout firms, which could help the business to expand globally, the people said.
