HModa completed the acquisition of a 60% stake in Manrico.

HModa, an Italian luxury manufacturing hub, completed the acquisition of a 60% stake in Manrico, an Italian company specializing in premium cashmere knitwear. Financial terms were not disclosed. "Joining HModa represents an extraordinary opportunity for Cashmirificio Manrico. The vision and resources of the HModa Group will allow us to further accelerate our path of growth, innovation and traceability of the supply chain, respecting tradition and absolute quality. We are therefore excited to make our entry into the Group, through which we will be able to offer excellent cashmere products to an important and structured network such as that of HModa," Manrico Calzoni, Manrico Founder.