New financing for Salmoiraghi & Viganò

Salmoiraghi & Viganò has finalized a new financing agreement with a pool of banks (Banca Popolare di Milano, Banca Intesa San Paolo and Banca Popolare dell’Emilia Romagna) for an overall value of 70 million euros. The 7-year agreement will allow the company to continue to focus on growth and the development of the distribution network by opening new stores. “This new financial agreement lays the foundation for the development of the sales network over the next seven years”, commented Edoardo Tabacchi, Vice President of the Salmoiraghi & Viganò Group. “We now have over 20 million available for extraordinary operations and we think that we can maintain last year’s growth trend. Our first quarter of financial year 2016 is about to close with growth levels higher than forecast at around 15%”.