LIR, the family holding company that controls Geox and Diadora as well real estate assets through Domicapital, has confirmed a report that it is now open to targeted acquisitions. In an interview with the Italian daily Il Gazzettino, Mario Moretti Polegato, chairman and founder of Geox, said that LIR, which is owned by his family, would target industrial activities with characteristics similar to those of Diadora and Geox, such as technological orientation, exportability and the representing of Italian excellence. At the end of 2018, LIR had cash availabilities of €404.6 million, largely deriving from the listing of Geox in 2004.

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