SPAIN – Caja Madrid backs fashion group
Capital Riesgo Madrid the private equity arm of Caja Madrid has acquired a 37% stake in fashion group AB Diseño y Moda as part of a deal valued at EUR 8m. The group consists of three brands: Elio Berhanyer, Miguel Palacio and Javier Larrainzar.
The company specialises in haute couture and prêt-a-porter lines. The company will base production in Spain and foresees the opening of 10 stores in Spain by 2012.
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