Dainese sold/problems

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Iconic motorcycle gear brand Dainese has been sold for just 1 euro to London-based investors Arcmont Asset Management and HPS Investment Partners, now part of BlackRock. The buyers, who were also the company's main creditors, acquired Dainese in a move to restructure its massive €300 million debt.

With three years of financial losses and a debt-to-EBITDA ratio of 15:1, Dainese has faced serious financial instability. The new owners plan to strengthen the company's financial foundation and increase operational flexibility.

While the deal may save Dainese from collapse, questions remain about its impact on employees, suppliers, and the brand's future direction.

#Dainese #MotoGP