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Salvatore&Nbsp; Ferragamo Plan For IPO Listing In July

2011/4/20 16:44:00 83

Salvatore Ferragamo July IPO Listed French Luxury Goods Giant

Italy business daily

Referring to the March 30th shareholders' meeting minutes, "the listing plan stems from finding the development strategy that can help to fully enter the capital market."

According to people familiar with the matter, the IPO value of Ferragamo is estimated at 1 billion 500 million euros, or 2 billion 100 million US dollars.

at that time

Prada

Hongkong listed at about $9 billion.

The turnover of Italy Salvatore Ferragamo group reached 781 million 600 thousand euros in 2010, up from 619 million 600 thousand euros a year ago, and 60 million 800 thousand euros in December 31st, compared with 14 million 700 thousand euros a year ago.

Operating profit increased by 137% to 86 million 400 thousand euros.

In 2010, sales increased by 26.1% year-round, mainly due to retail business, and the growth rate of self operated stores reached 29.1%.

As for products, Salvatore Ferragamo handbags and footwear are in the Asian market (accounting for nearly 50% of the total turnover), especially in the Chinese market.

Group sales in the US and Europe also recorded a "significant growth".

Although Milan is the origin of Ferragamo, the group still tends to list in Hong Kong. The main reason is that more than four cents of the company's income comes from Asia, and China is regarded as the world's largest luxury consumer market in the next five years. Therefore, Ferragamo tends to list in Hong Kong.

Therefore, the group is now keeping a close watch on every move that Prada comes to Hong Kong for reference.

The fashion companies in Italy, except for several special cases, such as Armani, have been

French luxury goods giant

LVMH and PPR or Switzerland's Richemont are not overwhelming.

Because historically, most of the income of these companies came from Europe, but the rising Asian consumers have changed everything.

After 08 years of financial tsunami, sales of luxury goods have shrunk dramatically, but sales in Asian markets, especially China, have stood firmly at the top of the global market, further strengthening the determination of classic fashion houses to expand the emerging market.