Rosa Clará acquires the 100 percent Rosa Clará Holding Corporate

Rosa Clará has acquired the entire holding company that bears his name. The Spanish bridal fashion designer now owns 100 percent of Rosa Clará Corporate Holding, following the departure of the other main shareholder, Enrique Coronado.

Coronado, which has been a partner of Clará for two decades, left his responsibilities in the company in 2013 arguing health reasons. Now he has decided to sell to the designer his 34 percent stake in the fashion company.

As published by ‘Economía Digital’, the society held in July 2, capital reductions totalling 17.5 million euros. In total, these transactions resulted in a reduction of 62 percent stake of the holding.

The CEO of the fashion company specialising in bridal wear, Manuel Cano, explained in a recent interview that these operations do not affect the real assets of the company. The capital of the holding – after having carried out two capital reductions amounting to approximately 11 million euros – now allows the company "to exempt the outgoing member from any liability that may occur in the next five years."

Rosa Clará Corporate Holding, which has been renamed White Factory Holding, reported a turnover last year of circa 45 million euros, this is a 25 percent more than in the previous year. For 2015, the forecast is that the bridal fashion company’s profits continue to grow by double digits, up to 10 million euros.