Italian brand OVS to increase stake in Goldenpoint to 51% by 2025

The agreement also provides that, through the conversion of the bond and the exercise of a subsequent call option, OVS will increase its stake in Goldenpoint to 51% by 31 July 2025.

The remaining 49% of the share capital may be acquired by OVS through the exercise of put and call options within a time window from 1 August 2026 to 31 July 2029.

The agreement consolidates the industrial integration process of Goldenpoint into OVS, aimed at strengthening the group's main role in underwear and swimwear through the enhancement and development of a retail network with a dedicated brand.

Note: The content of this press release has not been edited by Fibre2Fashion staff.

ALCHEMPro News Desk (RM)