Italy's Gruppo Coin to acquire rival retailer Upim

12/17/2009 | Wall Street Journal, The

Gruppo Coin's acquisition of Upim, a smaller, privately owned rival, will create the largest apparel retailer in Italy. "For Gruppo Coin it is an extraordinarily important operation in light of the quality of Upim's network of stores," Coin said in a statement. Analysts say Coin will benefit from Upim's prime retail space.

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