C2H acquires major stake in Pietro Filipi

The investment vehicle C2H controlled by Michal Mička has acquired an 80 percent stake in the Czech fashion brand Pietro Filipi from its founder Petr Hendrych. Lidove noviny reported that the deal was worth tens of millions of crowns, funds the company says will be used to increase the quality of its products. Mička will assume the position of executive director at Pietro Filipi. "We want to improve the quality of the products and also its technology. Once we solidfy our position on the Czech market and build a quality online presence, we'd like to expand our position on foreign markets." The company was founded in 1993.