OVS S.p.A. (BIT:OVS) signed a contract to acquire assets of Stefanel S.p.A for €3.2 million on December 16, 2020.. Under the term of contract, OVS will buy the brand and 23 shops out of a total of 27, but it will not acquire Stefanel's headquarters, Margherita Grigolato. The transaction was approved by the Ministry of Economic Development on January 7, 2021.