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DWF advises the Florence Group in the acquisition of Metaphor Group

05 November 2021

DWF assisted the Florence Group (which today employs over 1,000 people) in the acquisition of Metaphor Group, a historic high-end clothing company in Carpi that filed for bankruptcy last August.

Florence Group was awarded the company in the competitive procedure organised by the Court of Modena.

Metaphor was acquired following the signing of a complex memorandum of understanding, signed by the trade unions and the Emilia-Romagna Region, under which employment continuity was guaranteed for all employees involved (as well as other specific measures to support the staff).
 
DWF in Italy assisted the Florence Group on the legal aspects of the transaction, with a team led by Luca Cuomo (Head of Corporate, M&A, and Private Equity in Italy), alongside Giorgio Manca, (Head of Employment in Italy), Matteo Pasculli, (Counsel), Paola Mariani (Counsel), and Alice Dognini (Trainee, Corporate).

Further Reading