Luxury Brand Trussardi Parent Company Rumours Rumors

According to the world clothing shoes and hats net, recently, Italy

brand

All the members of the Trussardi family passed.

The parent company Finos S.p.A (Finanziaria Operazioni Societarie S.p.A, hereinafter referred to as Finos S.p.A) said in a statement: "there is no negotiations for the sale of Trussardi."

The above statement is a rumor about the news of Trussardi "looking for strategic partners" released by Italy media MF Fashion in October 26th.

The statement also said that Trussardi S.p.A is currently concentrating on all production and sales activities around the established development goals.

Previously, MF Fashion has reported that some fashion industry and private equity funds are considering the acquisition of Trussardi S.p.A, including Italy private Holdings Company Investindustrial.

Investindustrial was led by Andrea Bonomi, a well-known investor in Italy. In 2015, it acquired the famous shoe shoe brand Sergio Rossi of Italy.

However, Investindustrial did not respond to any intention to acquire Trussardi S.p.A.

In 2016, Finos S.p.A made a radical reform of its Trussardi S.p.A.

Trussardi S.p.A's CEO Tomaso Trussardi acquired a 25% stake in the sister Beatrice Trussardi and had a 50% stake in Trussardi.

His mother, Maria Luisa Trussardi, and another sister Gaia Trussardi (Creative Director) each have a share of Trussardi S.p.A 25%.

Beatrice Trussardi continues to take charge of the arts foundation Fondazione Nicola Trussardi and participate in the group's real estate business.

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In 2016, Trussardi S.p.A also formulated the five year development plan from 2017 to 2021, aiming at repositioning the brand to light luxury level, streamlining the product line, eliminating the Tru Trussardi sub license and retaining the two major brands, namely, the Trussardi of "Ya cool" and the younger and more mobile Trussardi Jeans.

In order to achieve this development strategy, Trussardi S.p.A has further reorganized the sales network of multi brand collection stores and independent brand stores, and closed some poor performing stores.

Finos S.p.A's 2016 financial data released earlier this month also showed that the above group structural restructuring measures have been effective.

The core financial data of Finos S.p.A 2016 are as follows:

Sales amounted to 182 million euros, an increase of 27.3% over the 143 million euro in 2015.

Gross profit was -37.3 euro, which was improved by -1670 million euros in the previous year.

Operating profit of -1360 million euros is also better than that of -2570 in 2015.

Net loss amounted to 7 million 500 thousand euros, 17 million 300 thousand euros in 2015.

However, sales of Trussardi S.p.A in the first quarter of 2017 were about 51 million 800 thousand euros, down 6.69% from the same period last year, and EBITDA before tax depreciation and amortization was 449 million euros, down 28.62% from the same period last year, an increase of 0.56% compared with the beginning of the year.

About Trussardi S.p.A

Founded in 1911 by Dante Trussardi, it was mainly engaged in the manufacture of leather gloves. In 1970s, when Nicola Trussardi took over from its uncle's hands, the product range was extended to all kinds of leather products. In 80s, it went further into the fields of garments, perfume and jeans.

Since 2014, the family's third generation Tomaso Trussardi has started to serve as the CEO of Trussardi S.p.A.

At present, it has three brands: Trussardi, Trussardi Jeans and Trussardi Sport.

In retail, through the Trussardi flagship store in Milan, Shanghai, Moscow and Madrid, the sale of Trussardi brand products is carried out. In addition, the new concept store layout of T Trussardi is arranged in a second tier city, mainly for the sale of sub licensed Trussardi Jeans and Trussardi Sport products.

Products are sold in 47 countries and regions in Italy, Europe, Asia and the Middle East. They now have 134 independent brand stores, more than 1500 multi brand collection stores or department stores.

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