August 24, 2016 11:10 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of Edizione S.r.l.

Company Overview

Edizione S.r.l., an investment holding company, operates textiles and clothing, food and beverage, travel retail and duty free, and infrastructure and mobility service businesses in Italy and internationally. It is also present real estate, agriculture, hotel, and other businesses, as well as owns and manages real estate properties. The company was formerly known as Ragione S.A.p.A. di Gilberto Benetton e C.s.n.c. and changed the name to Edizione S.r.l. in January 2009. The company was founded in 1981 and is based in Treviso, Italy.

Calmaggiore, 23

Treviso, TV 31100

Italy

Founded in 1981

Phone:

39 04 225995

Fax:

39 04 22 41 21 76

Key Executives for Edizione S.r.l.

Chief Executive Officer
Age: 51
Compensation as of Fiscal Year 2016.

Edizione S.r.l. Key Developments

WDF Reportedly Receives Interests Form Five Firms

Stake in World Duty Free S.p.A. (BIT:WDF) (WDF) may be sold. Il Sole 24 Ore reported that five international companies have expressed interest in buying the Benetton family's 50.1% stake in WDF. According to the news paper, in the past few months, the Benetton family's Edizione S.r.l. has received unsolicited indications from Dufry AG (SWX:DUFN), Lagardere SCA (ENXTPA:MMB), LVMH Moët Hennessy Louis Vuitton SA (ENXTPA:MC), Lotte Shopping Co., Ltd. (KOSE:A023530), and Hotel Shilla Co.,Ltd. (KOSE:A008770). It further added that Edizione has already started looking to hire an investment bank for the possible sale process and it is still unclear if the potential buyers are interested in buying just a minority stake, with Edizione cutting its interest to 30%, or, more probably, buying the entire shareholding of the Benettons. The news report added that on the other hand, it seems that the chances of private equity funds to buy the Benetton stake are getting slimmer. It added that KKR & Co. L.P. (NYSE:KKR) is said to have examined a possible deal but WDF has preferred opening its capital to an industrial partner. Il Sole quoted Edizione Chairman, Gilberto Benetton as saying that the group has ‘received indications of interest’ and will be looking into all options.

Dufry Reportedly In Advance Talks To Acquire WDF

Dufry AG (SWX:DUFN) is in advanced talks to acquire World Duty Free S.p.A. (BIT:WDF), according to people familiar with the matter. While Dufry is seen as the best fit, the process remains competitive and other bidders are still interested in buying the 50.1% stake held by the family, the people said. Other potential bidders include KKR & Co. L.P. (NYSE:KKR) and Lagardere SCA (ENXTPA:MMB), people said In January 2015. Edizione S.r.l., a holding company controlled by the Benettons, said last month that it is open to growth options for World Duty Free. According to Bloomberg, spokesmen for World Duty Free and Benetton declined to comment and representatives for Dufry didn’t immediately respond to requests for comment.

Lagardere, Dufry, KKR And Lotte DF Global Are In Race To Acquire 50.1% Stake in World Duty Free

According to sources Lagardere SCA (ENXTPA:MMB), KKR & Co. L.P. (NYSE:KKR), Dufry AG (SWX:DUFN) and Lotte DF Global Co., Ltd. are in race to bid for World Duty Free S.p.A. (BIT:WDF) from Edizione S.r.l. All the bidders are considering a bid to acquire 50.1% stake in World Duty Free. Societe Generale S.A. is financial advisor to Lagardere and will be helping in the deal.

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Merger/Acquisition
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