Italia Independent shares spike after Pacha eyewear deal

IIG SpA in Liquidazione

15/06/2021 15:26

** Shares in Italian sunglass group Italia Independent 
 IINT.MI  jump as much as 19% on the Milan stock exchange's AIM
market reserved to small and medium companies after it signs a
licensing deal for an eyewear collection with Spanish brand
Pacha  
** The deal with Pacha has a three-year duration and the first
co-branded collection is expected to be launched in July, the
companies say in a joint statement
** Italia Independent, founded by Lapo Elkann, is one of the top
gainer on Milan's FT Aim Italia index  .FTITAIM , with shares up
14.7% by 1403 GMT
** The stock hits levels last seen in late February

 (Reporting by Giancarlo Navach)
 ((giancarlo.navach@thomsonreuters.com))