Coin and Mimit Attract New Investors, Securing 1390 Jobs
Rome, February 4, 2025 – Coin and Mimit, two leading Italian retailers, have announced the acquisition of new investors. The investment will enable the companies to relaunch their operations and safeguard 1390 jobs.
The new investors are a consortium of private equity funds and institutional investors. They have committed to provide financial support and strategic guidance to Coin and Mimit.
The investment will be used to:
- Modernize stores and e-commerce platforms
- Optimize logistics and supply chain operations
- Enhance customer service and loyalty programs
“We are excited to partner with these experienced investors,” said Georgette Lalis, CEO of Coin. “Their support will enable us to accelerate our transformation and continue to provide our customers with exceptional shopping experiences.”
“This is a testament to the strength of our brands and the hard work of our employees,” added Marco Patuano, CEO of Mimit. “We are confident that this investment will help us to grow and succeed in the competitive retail market.”
The transaction is expected to close in the coming weeks.
About Coin
Coin is an Italian retailer founded in 1931. The company operates over 100 department stores across Italy. Coin offers a wide range of products, including fashion, homeware, and beauty.
About Mimit
Mimit is an Italian retail chain specializing in homeware and furniture. The company operates over 50 stores across Italy. Mimit is known for its high-quality products and innovative designs.
About the Investors
The consortium of investors includes:
- Apollo Global Management
- The Carlyle Group
- Bain Capital
- BlackRock
- The Canada Pension Plan Investment Board
Coin, Mimit: nuovi investitori pronti a rilanciare il Gruppo con salvaguardia 1390 posti lavoro
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