Summary
HUGO Boss owner Valentino Fashion Group is this week expected to meet its banks to discuss plans to reduce its debt of more than Pounds 1 billion.
Both brands were acquired by Permira in 2007 at the peak of the private equity-buying frenzy. The talks with Citigroup and Italy's Mediobanca and UniCredit will focus on easing repayment terms that may be secured if Permira opts to give part of its stake to the banks.See the full content of this document
Extract
Hugo Boss owner targets Pounds 1bn debt
Permira fell out with directors of the fashion brands last yea...
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