Inspecs news and archive

Safilo acquires 25 percent stake in Inspecs for 21.7 million pounds

Safilo has announced its acquisition of shares in Inspecs Group. Between December 15 and 18, the company purchased a total of 25 percent of Inspecs' share capital for approximately 21.7 million pounds. In a statement, the management explained that this shareholding “reflects Safilo’s confidence in the long-term prospects of Inspecs, offering the...

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Safilo withdraws bid for Inspecs

Safilo does not intend to make a binding offer for British eyewear company, Inspecs. In a statement, Inspecs said that in light of the proposed acquisition by Bidco at a price of 84 pence per share, Safilo Group has confirmed it does not intend to make a binding offer for Inspecs. Bidco is a newly formed company established for the acquisition...