2016 Will Be The Most Difficult Year For The Luxury Industry.

Italy, which is attacking IPO.

Group Gianni Versace SpA Versace also said that 2016 will be the hardest year for the luxury industry. The chief executive of Gian Giacomo Ferraris said that European tourist cities such as London, Paris and Brussels are becoming unsafe with security problems.

Gian Giacomo Ferraris says Gianni Versace SpA, Versace group will grow slower in 2016 than in 2015.

According to the data, the group gained 645 million euros in 2015, an increase of 17.5% compared with 548 million 700 thousand euros in 2014, excluding the favorable effect of the weakening euro, the increase was 8.6%.

Retail sales rose 28.9% to 400 million 700 thousand euros, and e-commerce rose to 31.2%, including perfume, glasses and interior.

Authorized business revenue also increased by 17%, reaching 49 million 400 thousand euros, while wholesale channels fell slightly 0.4% to 194 million 900 thousand euros.

Among them, male,

Accessories account for 50% of retail sales.

The main line brand Versace has recorded a 23.6% growth; the secondary line brand Vervus Versace Versace has doubled its retail sales, and its wholesale revenue has increased by 21.4%. The brand income was 6 million euros two years ago, and has increased to more than 37 million euros in 2015.

For the Asian market, Gian Giacomo Ferraris still expressed confidence that in the annual report of the company, Gian Giacomo Ferraris praised China for its "excellent performance", but Hong Kong and Macao businesses were hard to avoid being influenced by Chinese factors.

According to statistics, in 2015, Gianni Versace SpA, Versace group grew by 16.4% in China, and 8.1% and 6.5% in other parts of Asia and North America respectively.

Despite the impact of the exchange rate, Russia's domestic market has led a 30.3% rapid growth despite its impact.

Gian Giacomo Ferraris revealed at the end of last year that EMEA, Asia (excluding Japan) and the Americas accounted for 42%, 37% and 17% of the group's revenues respectively.

On the brand side, the main line brand Versace ratio is 70%, and the contribution of men's and women's clothing category is quite similar.

For the current 8% of the electricity supplier business, Gian Giacomo Ferraris said P group will actively expand, and has the largest luxury business Yoox Net-a-Porter SpA (YNAP.MI) to actively cooperate.

In 2015, Gianni Versace SpA Versace group's core profit EBITDA was 81 million euros, an increase of 19.9% over the previous year of 67 million 600 thousand euros, and the EBITDA profit margin increased by 88 basis points, up from 11.68% in the previous year to 12.56%.

In 2016, Gianni Versace SpA, Versace group plans to invest 50 million euros to expand its stores and renovate shops for flagship stores such as the Fifth Avenue flagship store in New York and the Monterey Napoleon street in Milan, and will continue to promote the development of e-commerce.

The new store plan includes the Hongkong central flagship store opened in 6 and July and the Melbourne store opened in the second half of this year.

At the end of last year, Gian Giacomo Ferraris revealed that the group was actively preparing for IPO.

He also emphasized the great progress of the group in the past few years. "When I joined the group as CEO in 2009, the annual income of Versace was only 267 million euros and the loss was close to 80 million euros," and when the group sold 20% stake to Blackstone in Blackstone Group LP (2014), the valuation had exceeded 1 billion euros, and the compound annual growth rate was 17% from 2010.

Earlier, it pointed out that although the Gian Giacomo Ferraris Ferraris, which has an annual income of 800 million euros, can launch IPO, although it has no definite timetable, it hopes to proceed as soon as possible. Moreover, as an international luxury group, the listing place is not limited to Italy, London and Hongkong are all possible, but even after the listing group will remain family holding.

He disclosed that the group had started from corporate social responsibility and built an internal legal team to develop it.

The market said that Gianni Versace SpA Versace group will be IPO in mid 2017.