Labelux Buys Belstaff Brand for 40 Million Euros, Corriere Says

Labelux Group bought the Belstaff clothing brand for 40 million euros ($57 million,) daily Corriere della Sera reported, without saying where it got the information.

UniCredit SpA (UCG) advised Italy’s Malenotti family on the sale to Labelux, according to the Italian newspaper.

To contact the reporter on this story: Armorel Kenna in Milan at akenna@bloomberg.net

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net

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