Borletti Group buys minority stake in U.S. denim brand True Religion
ReutersMay 13, 2025 12:09 PM
MILAN, May 13 (Reuters) - Borletti Group has acquired a minority stake in U.S. denim and casual wear brand True Religion, the investment firm, which has stakes in department stores Rinascente and Printemps, said on Tuesday.
The financial terms of the transaction were not disclosed.
True Religion is controlled by U.S. private equity firm ACON Investments.
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