Swinger International Confirms Acquisition of Philippe Model Paris [Yahoo! Finance]
CHRISTIAN DIOR SE UNS/ADR (CHDRY)
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Source: Yahoo! Finance
“Philippe Model has a patrimony of aesthetics and values that is very strong,” said Mathis Facchini, president of Swinger International. “The acquisition stems from the wish to respect its history, working at the same time on an evolution that is increasingly more contemporary.” More from WWD Etro Has New Investors, Founding Family Exits Sources: Pieter Mulier Headed to Versace Swinger International Is Said to Buy Philippe Model Paris The agreement was sealed between Swinger International and 21 Invest, which in July 2016, when it was called 21 Investimenti, acquired a majority stake in the brand. Financial details were not disclosed. Alessandro Benetton founded the private equity firm in 1992. “Our strategy comprises image, distribution and product and aims to renew the storytelling through a communication with an international public, knowledgeable about the quality of the brand,” continued Facchini. Facchini's goal is to make Philippe Model “a point of reference in t
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