Versace Deviated From Listing And Reorganized The Board Of Directors

Italy has clearly listed its target.

Group Gianni Versace SpA

The group has recently reorganized the board of directors, but the move has been more deviated from the listing track.

Italy's burst of Gianni Versace SpA Versace group has asked independent directors to step down, resulting in only two major shareholders of the board: Versace Versace family, private equity fund Blackstone Group LP (NYSE:BX) Blackstone Group and JonathanAkeroyd three party members of CEO this year, and the Versace Versace family and the Versace group are holding 80% and 20% stake respectively.

However, one of the requirements of the Milan stock exchange to the listed companies is that the board of directors must have a number of independent directors. The reorganization of the board of directors of the Gianni Versace SpA Versace group obviously does not conform to the specification.

However, as far as we know, IPO is still the common goal of Versace GianniVersaceSpA group and Blackstone Group LP Blackstone Group.

It is reported that the restructuring of the board of directors is to simplify the decision-making process, but it has reversed the way of listing.

Gianni Versace SpA, former CEO of Versace group GianGiacomoFerraris, has said that the group's annual revenue of 800 million Euros can start IPO, and although there is no definite timetable, it is hoped that it can be carried out as soon as possible. He also met with CEO of Milan securities exchange before being replaced by her former boss.

However, with the cooling of luxury goods industry, Gianni Versace SpA Versace group entered the "most difficult year" of GianGiacomo Ferraris. GianGiacomoFerraris was suddenly fired in May this year, and Alexander McQueen's former CEO Jonathan Akeroyd took office.

Coupled with turbulence in the financial markets, it was once

The group, which is expected to be listed in mid 2017, has also been accused of postponing IPO to 2020.

According to the world clothing and shoe net, Versace's Gianni Versace SpA revenue in 2015 was 645 million euros, 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%.

The growth of 40%+ in EMEA and Asia also increased by 15.9% in North America.

Core profit EBITDA rose 19.9% to 81 million euros per year, 67 million 600 thousand euros the previous year, and the EBITDA profit margin increased by 88 basis points, up from 11.68% in the previous year to 12.56%.

Gian Giacomo Ferraris pointed out at the time that Gianni Versace SpA Versace group, as an international luxury group, is not limited to Italy, London and Hongkong, but even after the listing group will remain family holding.

At present, Gianni Versace SpA founder of Versace group Gianni Versace's sister, the group's creative director Donatella Versace's daughter Allegra Versace Beck is the company's largest shareholder, and Donatella and its chief executive, the chief executive, also owns a minority stake, and their shareholding is held by the family holding company.

There are rumors in London market that Blackstone GroupLP Blackstone Group hopes to increase additional investment in Gianni Versace SpA Versace group, but it is reported that it has been denied by the case.

In the board of directors of Gianni Versace SpA Versace group, apart from shareholders (Donatella Versace, Allegra Versace Beck, Santo Domenico Versace), shareholders' representatives (the senior managing director of the Blackstone Group), as well as group members, there are also independent directors, vice president of Versace group, Versace, the founder and major shareholder of Lu Xun Tai Group, the largest glasses manufacturer in the world.

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