Harmont & Blaine Receives Equity Investment from Clessidra

▤ Summary

Harmont & Blaine, a Caivano, near Naples, Italy-based fashion brand, received an equity investment from Clessidra Sgr.With the transaction, whose amount was not disclosed, Clessidra will acquire a 35% stake in the company.Harmont & Blain now intends to use the funds to accelerate and consolidate the growth in international markets, opening new boutiques in Europe and North and South America.Investments are planned for the next three years on retail development for €60m.Led by CEO Giulio Guasco and Managing Director Paolo Montefusco, Harmont & Blaine produces, markets and distributes sophisticated casual-wear for men, women and kids with a distinctive Mediterranean lifestyle.

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