Fashion label Elisabetta Franchi is set to list on the Milan stock exchange foll...
FILE PHOTO: A model presents a creation by Elisabetta Franchi during the Malta Fashion Awards, the climax of Malta Fashion Week, in Valletta, Malta May 31, 2019. REUTERS/Darrin Zammit Lupi
MILAN - Fashion label Elisabetta Franchi is set to list on the Milan stock exchange following a business combination with shell company Spactiv , in a deal that values the Italian clothing brand at 195 million euros . Spactiv said in a statement it would invest 77.5 million euros to buy a stake in Betty Blue, the company of fashion designer Elisabetta Franchi, and then incorporate it via a reverse takeover.
The resulting entity will be called Elisabetta Franchi and trade on the alternative investment segment of the Milan bourse.
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