Coin news and archive

Coin Spa completes capital increase and appoints new board

Coin spa, the company leading the most extensive chain of department stores in Italy, has subscribed to and paid the share capital increase at the conclusion of the reorganisation process. The shareholders' meeting also appointed the company's new board of directors. It is composed of Roberto Rondelli, Marica Carraro, Matteo Cosmi, Ignazio...

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Business

Coin asks for 60 days to finalize restructuring agreements with creditors

A couple of weeks ago, Coin spa received binding proposals for the subscription of a capital increase for a total of 21.2 million euros and today "has therefore proceeded to request the Court of Venice to grant a term of 60 days to finalize the aforementioned restructuring agreements and request their approval", according to a note. "For the...

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People

Cristina Mollis is named first CEO of Coin SpA

Italian retailer Coin SpA has named Cristina Mollis as its first chief executive officer. In this role, Mollis will manage around 40 stores for apparel, beauty and home decor under the names Coin, Coincasa and Coin Excelsior, according to WWD. Mollis founded Milan-based digital consultancy firm NuvÒ in 2008, according to her LinkedIn. The firm...

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Report

BC Partners readies Coin department stores for sale

Venture capital owner of Italian department store chain Coin is accelerating the sales process by tasking Rothschild investment bank with an exploratory mandate to evaluate the various options. The fund, owner of the retailer after it acquired the business from PAI Capital Partners in 2011, would have been reportedly exploring different...

Fashion

Coin aims abroad and creates a new brand

Italian department stores are shaking off the feeling of being poor cousins of Saks and Bergdorf Goodman in New York and Galeries LaFayette and Printemps in Paris, and are conquering positions in the international department store sector. This has been helped by the acquisition, in January 2010, of 100% of the share capital of Upim, a nationwide...