Italy's Benetton family has taken a 20% stake in Austrian lingerie company Palmers Textil AG according to local press reports.

Der Standard, which cites unnamed sources, says the deal has been done via private equity company 21CP.

Palmers last week agreed to buy the Lejaby intimate apparel brand from the Warnaco Group for EUR45m (US$66m).

Austria-based Palmers is paying an initial cash sum of EUR32.5m, plus another EUR12.5m in an interest-free note due by the end of 2013.