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The investment fund BC Partners, which manages 17 billion euros of private equity and private credit, through its participation in the Spanish group Pronovias (signed a year ago) concluded a agreement with Carlo Cavallo, Alessandra Rinaudo and Luigi Cavallo for the acquisition of Nicole Fashion Group SpA, one of the leading European brands of wedding dresses.
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Founded in 1996 in Saluzzo, in northwestern Italy, by Carlo Marco Cavallo and Alessandra Rinaudo, Nicole is a leading company in the creation and distribution of wedding and ceremony dresses, with a portfolio of leading brands (among "Nicole", "Alessandra Rinaudo" and "Colet") spread across 40 countries and which has grown rapidly over the last twenty years, so that today's group employs 110 people worldwide and manages five mono-brand stores in Italy and distributes its creations through more than 800 authorized dealers.
Wedding dresses and ceremony, a 600 million euros company in Italy
The collaboration with Nicole will allow Pronovias to strengthen its leadership and brand portfolio in Europe, further developing growth opportunities in several countries. In recent years, the brand has expanded its product line, creating collections in the ceremonial, accessories, bridesmaids and curvy sectors.
Amandine Ohayon, CEO of the Pronovias group since last January, commented: "I am enthusiastic. to Nicole in the Pronovias group. Nicole's special attention to product design, her strong portfolio of brands and the level of her management are perfect for our house. I look forward to collaborating with Alessandra, Carlo and Luigi, professionals who share my same vision and my same ambition for the wedding and ceremony fashion market. I am convinced that the contributions of Carlo and Alessandra, respectively to the Executive Committee and the Creative Committee of the Pronovias Group, will be extremely valuable. Together, we will continue to innovate while offering the best customer-focused experiences to brides around the world.
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For her part, Alessandra Rinaudo, artistic director of Nicole Fashion Group, commented: I am honored to be able to offer my contribution and Nicole's creative identity to the Pronovias Group, a company I have known for many years . I am absolutely convinced that our partnership will be an incredible source of inspiration for the Pronovias and Nicole collections, while maintaining their respective brand identity.
We will use the Pronovias structure to be able to offer the products. Nicole, already famous in terms of quality and services, to new customers around the world, adds Carlo Marco Cavallo, CEO of Nicole Fashion Group.
Last week, Pronovias set up its management with the entry of four new figures, including that of President and CEO of North America, given the growth of the company. 39, activity expected in this field, role attributed to Amanda McCormick Bacal
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