Barclays backing for Fila buy-out - footwearbiz: Leading site for glob

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Barclays backing for Fila buy-out

05/03/2008


Barclays Ventures announced today that it has backed a proposed management buy-out (MBO) of FILA EMEA (Europe, Middle East, Africa and Indian Sub Continent), and has entered into a perpetual licence for Fila, the Italian sports lifestyle brand.
 
The management team will be led by Stefano di Martino, the current CEO of the EMEA business. The company’s leadership has been further strengthened with the appointment of Jan Valdmaa (ex-Global Marketing Director of adidas) as Chairman, and Geoff Haslehurst as Finance Director.
 
Mr di Martino commented: “We are excited by the opportunity to continue our journey of re-establishing Fila as a leading brand, inspired by its Italian heritage.”

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