MGM Buys Gruppo Rekord
The new group is aiming at becoming the main European production pole in the high-end sneakers and outdoors segment. Sneakers continue to be hot tickets, and Italian footwear manufacturer MGM, specializing in sports and technical shoes, on Wednesday said it inked an agreement to acquire Gruppo Rekord Srl, a producer of high-end sneakers and outdoors shoes. For the deal, MGM was flanked by Clessidra Capital Credit SGR SpA. [Sports Shoes Manufacturer MGM Buys Gruppo Rekord - WWD]
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