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SMT, part of Pattern Group, signed a binding investment agreement to acquire 100% of Umbria Verde Mattioli S.r.l., an Italian luxury knitwear manufacturer based in Umbria. The acquisition strengthens Pattern Group's position in the luxury knitwear sector.
Umbria Verde Mattioli shareholders signed a binding agreement to sell 100% of the capital to Società Manifattura Tessile S.r.l. (SMT), a subsidiary of Pattern S.p.A., for a price of 20 million euros. The closing is expected by June 2024.