February 13, 2019 / 8:52 AM / 6 months ago

Italy's Trussardi completes sale of 60 percent stake to QuattroR

FILE PHOTO: A board with Trussardi store logo is seen on a shopping center at the outlet village Belaya Dacha outside Moscow, Russia, April 23, 2016. REUTERS/Grigory Dukor/File Photo

MILAN (Reuters) - Italian fashion house Trussardi has completed the sale of a majority stake of around 60 percent to investment fund QuattroR, the two groups said on Wednesday.

In a joint statement the companies said the deal would involve a capital increase of around 50 million euros (44 million pounds).

Reporting by Stephen Jewkes, editing by Valentina Za

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