ITALY - Bain Capital pulls out of talks with debt-laden Safilo

Market rumour suggests talks broke over early license renewal issues.

Safilo, which has debt exceeding EUR 600m, has been seeking a potential investor since January this year. The Tabacchi family, which holds a 40% stake, is said to prefer partnering with a private equity firm, as opposed to an industrial player as advocated by Safilo's lenders.

The board is set to meet on 4 August to consider alternatives.

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• Southern Europe