BC Partners extends talks to buy Italian store chain

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Private-equity firm BC Partners has extended its exclusive talks to buy Italian department store and clothing group Gruppo Coin.

A new deadline of tomorrow has been set by the chain's owner, French-based PAI Partners. If BC is successful in its bid for the €700m group it would look at expanding the company overseas as well as at home in Italy. Gruppo Coin's Oviesse fast fashion brand could be grown internationally, with London as a prime target.