Visibilia, Closure Rumors Denied

In a press release this morning, Visibilia categorically denies rumors of the imminent closure of the company. 'The business will continue with the entrepreneurial determination and integrity that have always been a feature of the history of Visibilia" the company stated "an increase in billings of 17.8% was recorded at the end of the tax year's first quarter (July/September 2002) and the forthcoming launch of a new, prestigious brand represent not only a concrete and unquestionable denial, but above all a willingness to progress with quality'.

The Visibilia Group, which in the first semester of 2002 had consolidated billings of 25 million euros, produces and distributes brands which include the collections of Alessandro Dell'Acqua, Blumarine, Laura Biagiotti, Iceberg, Stefanel and Trussardi.