Desigual and US fund Enduring Ventures submit binding offers for Pronovias

Madrid – This marks the latest chapter in the turbulent decline of the Spanish bridal fashion group Pronovias, a journey that began with its sale by Alberto Palatchi in 2017 to the British private equity fund BC Partners. This transaction is seen as the root of the financial difficulties the company has since faced. Pronovias is now on the brink of filing for insolvency and is embroiled in a bidding war, with notable offers from fellow Spanish company Desigual and the US investment fund Enduring Ventures.