Central Retail Corporation Limited (“CRC”), the leading retail company and department stores operator in Southeast Asia, recently announced that it completed the acquisition of 100% of the quota capital of La Rinascente S.r.l. (“Rinascente”).
We are now ready to support la Rinascente’s growth by providing access to new business opportunities and by supporting stores network expansion, not only in Italy but also abroad.” commented Tos Chirathivat, CEO of CRC.
CRC was assisted by Morgan Stanley and by Claudio Costamagna with CC&Soci as financial advisors in the transaction. Clifford Chance assisted CRC as legal advisor.