Lee Yoon-sik, CEO of NHN Commerce (left), Maurizio Coltorti, founder of Ikonic (centre), and Riccardo Bilancioni, CEO of Ikonic (right). Pic: Coltorti/LinkedIn
Under the agreement, NHN Commerce now holds a controlling 77.8 per cent stake in Ikonic, Coltorti said in a LinkedIn post.
Korean distributor of brands in the fashion sector NHN Commerce has secured a 77.8 per cent stake in Italian fashion platform, Ikonic Srl, a multi-fashion platform under Coltorti.
The deal involves a €10 million increase in Ikonic’s share capital.
Maurizio Coltorti will remain a director and partner of Ikonic, while Riccardo Bilancioni will take over as CEO.
Maurizio Coltorti will continue to play a significant role in Ikonic as a director and partner. Furthermore, the company announced a key leadership change, with Riccardo Bilancioni assuming the role of chief executive officer. Bilancioni previously held the position of managing director at the company.
Fibre2Fashion News Desk (DP)