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Italy's Elisabetta Franchi fashion label to list in Milan in reverse takeover

Models present creations by Elisabetta Franchi during the Malta Fashion Awards, the climax of
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MILAN (Reuters) - Fashion label Elisabetta Franchi is set to list on the Milan stock exchange following a business combination with shell company Spactiv , in a deal that values the Italian clothing brand at 195 million euros (175.24 million pounds).Spactiv said in a statement it would invest 77.5 million euros to buy a stake in Betty Blue, the company of fashion designer Elisabetta Franchi, and..
Date Published: Sep 12, 2019
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