Luciano Santel Joins Italy Garment Manufacturer Moncler Group

< p > the former managing director of Italy garment manufacturer Stefanel S.p.A. (STEF:IM), a href= "http://www.91se91.com/pioneer/" > Luciano Santel < /a > join Moncler Moncler as chief business officer of the company, and at the same time, it will usher in a new board member.

Sergio Buongiovanni, one of the early founders of Moncler Group, currently has a 0.25% stake in the group.

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P align= "left" > Moncler Group chairman and major shareholder Remo Ruffini said in a statement that the credibility of Luciano Santel in the financial market will help Moncler Group to meet future challenges.

Sergio Buongiovanni will help Remo Ruffini prepare for the coming months of Moncler Group and help companies make some of the most important strategic choices.

Sergio Buongiovanni will continue to serve as the president of Moncler Lunettes, a subsidiary of Moncler Group, and a member of the Industries Sportswear Country Executive Committee.

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"P > Luciano Santel has been director and executive general manager of Stefanel S.p.A. (STEF:IM) since 2009. Until now, his duties will be filled by the current Stefanel S.p.A. (STEF:IM) chief financial officer and human resources director Federico Girotto.

Stefanel S.p.A. (STEF:IM) will set up an executive committee including Federico Girotto, chairman and CEO Giuseppe Stefanel, brand director Roberto Chemello, and discuss group losses and restructuring issues in 22 October.

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< p > Stefanel S.p.A. (STEF:IM) released the interim results for the 2013 fiscal year ending June 30, 2013 in August 29th. In the first half of fiscal year, the net loss of Stefanel S.p.A. (STEF:IM) was 16 million 16 thousand euros, a sharp increase compared with the net loss of 10 million 331 thousand euros in the same period last year.

Stefanel S.p.A. (STEF:IM) chairman Giuseppe Stefanel said that the performance of the first half fiscal year showed no signs of recovery, and the company decided to restructure.

Stefanel S.p.A. (STEF:IM) debt also increased, from 57 million 100 thousand euros in the same period last year to 74 million 100 thousand euros this year.

According to the credit agreement signed with banks in June 2011, repayment will expire in December 31, 2013.

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< p > at the end of last month, Moncler Group announced its two quarter and first half earnings report, including Moncler Moncler, Brand Company Moncler Lunettes and sportswear Brand Company Industries Sportswear Country, with an overall revenue of 247 million euros in the first half of this year, an increase of 10% over the same period last year.

Moncler brand revenue grew 18% to 183 million euros, 22% at a constant exchange rate, a slowdown of 38% over the same period last year.

The proportion of retail network revenue increased to more than half from 44% in the same period last year, while same store sales grew 16% at a constant exchange rate, up 13% from the same period last year.

Eurazeo SA (RF.PA), the major shareholder of Moncler Group, pointed out that Moncler brand grew strongly in the global region besides Italy, and Italy was stable.

During the brand period, 4 European stores were added, and the total number of stores in the world increased to 87.

In the first half of the year, the sports clothing department, which owns Henry Cotton 's, Marina Yachting, Coast Weber Ahaus, three brands and 18CRR81 Cerriutti agency, decreased by 9% compared with the same period last year.

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< p > Reuters quoted earlier that the Moncler brand plan was launched in December.

The reason why the December listing is due to the Moncler product attributes is the peak season for Moncler sales, known as "a href=" http://www.91se91.com/news/index_c.asp "down jacket" /a ".

It is reported that Moncler will sell shares of 30-35% as IPO, and it is estimated that it can raise 8-10 billion euros, making the market value of Moncler 2 billion euros, which is about 12.5 times that of EBITDA in 2012.

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< p > Moncler Group current shareholders include the French private equity fund Eurazeo SA (RF.PA), which has purchased 32.2% of the company's shares in 2011, with a 45% stake in the euro area of 418 million euros, and Moncler Moncler and creative director Remo Ruffini holding 32% shares, and the Carlyle RF.PA Group (Eurazeo) holding the 17.8% stake in the US private Holdings Company.

The Carlyle Group LP (NASDAQ:CG) Carlyle Group bought 48% Moncler Group stake in 2008 for about 100 million euros, making Moncler's market value of 228 million euros, and then selling some of its shares in 2011, which was purchased by the French private equity fund Eurazeo SA (RF.PA), so that the market value of the Moncler rose to 1 billion 200 million euros at that time.

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< p > > a href= "http://www.91se91.com/news/index_c.asp" > Moncler < /a > chairman and creative director Remo Ruffini, at the beginning of this month, invested 103 million euros to Italy investment company Tamburi Investment Partners Investment (hereinafter referred to as "the") subsidiary to sell 14% stake in its holding company.

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< p > the source said that Remo Ruffini would not sell shares for Moncler's IPO, but would like to become a major shareholder of Moncler and maintain the long-term development of the brand.

Remo Ruffini this sale of shares of holding company Ruffini Partecipazioni will help further strengthen Ruffini Partecipazioni as shareholder structure of Moncler related shareholders, and prepare for Remo Ruffini to become the largest shareholder of Moncler.

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