Overview
- Ovs’ board cleared a reserved capital increase of €15 million that would give it 100% of Kasanova.
- Kasanova is slated to be integrated under the Upim umbrella as Ovs pursues national leadership in the fragmented homeware market.
- Restructuring terms include the write-down of Kasanova’s share capital and creditor waivers of about €40 million, targeting a near break-even position.
- The chain operates about 700 locations with roughly 2,000 employees, and 2025 sales are forecast just under €300 million with slightly positive EBITDA.
- Completion is subject to typical conditions under Italy’s negotiated crisis process, including final agreements with lenders and corporate approvals by December 31, 2025.