OVS, Partners Agree to Buy Charles Voegele for $57 Million

Updated on
  • Swiss clothing retailer’s board supports 6.38 franc/share bid
  • Co. has been unprofitable since 2010, hurt by surge in franc

OVS SpA, Italy’s largest children’s clothing retailer, agreed to buy Charles Voegele Holding AG with two other investors for about 56 million francs ($57 million), ensuring the survival of the ailing Swiss chain after years of speculation about its future.

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