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SPAIN: Cortefiel reduces debt after refinancing.

Publication: just-style.com
Publication Date: 01-OCT-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: just-style.com

Fashion retail company Grupo Cortefiel has reduced its debt by EUR100m (US$146m) following a cash injection from the companyas three main investors.

The Spanish retailer, owner of the Cortefiel, Pedro del Hierro, Springfield and WomenaSecret brands, said the equity injection came from funds advised by CVC, Permira...

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