More potential buyers for BRIONI

In an interview to Bloomberg yesterday, PPR CEO Francois Pinault confirmed his group has been in discussions with the three families controlling Italian luxury menswear houseBRIONI, however, negotiations have not yet materialized. He declined to comment whether his company made a bidding offer.

According to several market sources, LVMH, Labelux (now the owner of Bally and Jimmy Choo) as well as several private equity firms are also interested in Brioni. As the race to control Brioni get tougher, Brioni could see an increase valuation.