Furla Launched 30 Million Euro IPO Attack
The market of light luxury market is far more exciting than the current low retail environment.
Many brands as light luxury brands benefit from this.
Furla, the European luxury luxury leather goods brand, has announced that it has received up to 30 million investment and has made clear the goal of IPO.
Despite the fact that there are many brands of IPO in the current 2016 fiscal year, Valentino and Versace want IPO before, but the environment has not been implemented.
Furla
The strategic investment of Italy commercial investment bank Tamburi Investment Partners is worth 30 million euros.
However, for the depressed economic situation, Furla obviously did not care.
Last year, Furla's core earnings were reported.
EBITDA
Up 29% to 44 million euros.
Although the two sides did not disclose the time of listing in the joint announcement, foreign media sources said it would not be later than 2018.
It is reported that Furla will start the project by 2018 at the latest.
IPO
Plan.
And the Tamburi Investment Partners will subscribe to the 15 million euro convertible bond to be issued by Furla, which is expected to invest 15 million euros after the further listing of Furla.
For the first time, Tamburi Investment Partners announced the profitability of Furla.
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It is reported that in the 2015 fiscal year, sales of Furla group increased by 30% to 339 million euros, while net profit recorded a huge increase of 41%. While the group said that the favorable factors for the above earnings data were due to the global expansion of Furla, and the favorable response of consumers to all product lines also increased the profitability of the group.
Through the expansion in five years, the total number of Furla independent stores in the world has reached 415.
For future plans, Furla will continue to expand strategically to key cities in the world.
At the same time, the group predicts that the group's performance will remain consistent in the current 2016 fiscal year.
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