Hmoda acquires 60 percent of Manrico Spa

Hmoda (Holding Moda Moda), a subsidiary of Holding Industriale (Hind), an investment company specialising in small and medium-sized Italian businesses, has acquired a 60 percent stake in Manrico Spa, a company specialising in the production of cashmere garments. "With this new transaction, Hmoda further expands its distinctive know-how, strengthening its offering with a new company representing the excellence of "Made in Italy", with an important positioning in the high-end knitwear and cashmere fabrics segment and important active collaborations with the main luxury maisons," a note read.