June 4, 2018 / 5:54 AM / 6 months ago

BRIEF-Piquadro Acquires Lancel International from Richemont

June 4 (Reuters) - Piquadro SpA:

* SAYS SIGNS CONTRACT TO ACQUIRE LANCEL INTERNATIONAL FROM RICHEMONT AND COMPLETES THE ACQUISITION

* AS PRICE FOR ACQUISITION, RICHEMONT SHALL RECEIVE SHARE OF PROFITS EARNED BY LANCEL GROUP IN TEN YEARS FOLLOWING THE CLOSING, MAX EURO 35 MILLION Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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