Francesca Busnelli Buys Enzo Degli Angiuoni, Changes Name to EDA

Garbagnate Monastero, IT—Francesca Busnelli, the 40-year-old majority shareholder, together with a pool of unidentified investors, acquired Enzo Degli Angiuoni, a high-end jacquard upholstery mill here in November. The purchase price was not disclosed but local newspapers report the company has sales of around $11 million. The partners also made an additional capital infusion to the company through an investment vehicle,...