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Luxury supplier Altofare Group is preparing to kick off debt talks with its creditors as spending on high-end goods declines.
The company, which oversees a group of Italian suppliers to the luxury world, has hired KPMG and law firm Chiomenti for advice on its debt, according to people familiar with the matter, who spoke on condition of anonymity because the details aren’t public. Altofare is owned by private equity firm White Bridge Investments.
One of Altofare’s main operating units,…
