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AUSTRIA - Recap acquires Sariana

Mareen Goebel
25 March 2008

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Recap Management has acquired lingerie company Fashion GmbH. Sariana went into insolvency in autumn 2007 and was acquired by Steierische Beteiligungsgesellschaft STUG as a bridge owner.

Sariana Fashion GmbH expects a turnover of EUR 12m in 2008 after posting turnover of EUR 11m in 2007. The company has facilities in Heinersdorf (headquarters), Hungary (logistics), Slovakia and Romania (production), and the Czech Republic (distribution subsidiary).

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