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Deca acquires strategic minority stake in Axel

08 March 18 - RE+D Magazine
Deca acquires strategic minority stake in Axel

COMPANIES

ΕΡΡΙΚΟΣ ΑΡΩΝΕΣ

Investment - GREECE

Pepper Hellas

Consultant - GREECE

PEOPLE

Deca Investments, the exclusive manager of Diorama Investments Sicar, announced the purchase of a strategic minority stake in Axel Accessories SA for 6.0 million euros.

 

Axel Accessories was founded in 1999 and its activities include the design, production and trade of women's clothing, bags, shoes and accessories.

Based in Thessaloniki, Axel has a workforce of 114 workers and has established activities in 45 countries around the world. Its sales amounted to 15 million euros in 2016, of which 50 pct were exports.

The investment in Axel is part of Diorama's strategy to make attractive investments in dynamic, developing and extrovert Greek enterprises.

It is the fifth investment made by Diorama Investments in Greece. Diorama Investments Sicar is a development fund worth 135 million euros based in Luxembourg.

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