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Luisa Via Roma Owners Explore Sale of Online Fashion Retailer

The owners of Italian high-end online fashion retailer Luisa Via Roma are exploring a sale of the company. (Luisa Via Roma)
The owners of Italian high-end online fashion retailer Luisa Via Roma are exploring a sale of the company. (Luisa Via Roma)
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Luisa Via Roma Owners Explore Sale of Online Fashion Retailer

The owners of Italian high-end online fashion retailer Luisa Via Roma are exploring a sale of the company. (Luisa Via Roma)
The owners of Italian high-end online fashion retailer Luisa Via Roma are exploring a sale of the company. (Luisa Via Roma)

The owners of Italian high-end online fashion retailer Luisa Via Roma are exploring a sale of the company, two people familiar with the matter said on Monday according to Reuters.

Luisa Via Roma, owned by the Panconesi family, reported revenues of 166 million euros ($194.80 million) in 2019 and a loss at the EBITDA level of 16 million euros, according to the company’s balance sheet.

The family is advised by investment bank Jefferies, the people added.

Jefferies and Luisa Via Roma declined to comment. The Panconesi family could not immediately be reached for a comment.

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UK's Boohoo Names Tim Morris as Chair

FILE PHOTO: A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display in this illustration taken September 30, 2020. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
FILE PHOTO: A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display in this illustration taken September 30, 2020. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
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UK's Boohoo Names Tim Morris as Chair

FILE PHOTO: A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display in this illustration taken September 30, 2020. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
FILE PHOTO: A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display in this illustration taken September 30, 2020. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

British online fashion retailer Boohoo said on Thursday it had appointed Tim Morris as its independent chair with immediate effect, replacing Mahmud Kamani.

In a separate statement, Frasers, Boohoo's top investor, called for a shareholders' meeting to remove Kamani as a director of the company, and appoint its owner Mike Ashley and Mike Lennon as directors.

Boohoo also said Kamani will become executive vice-chair with immediate effect.