Italy luxury down brand Moncler Milan IPO 30% revenue from

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Italy luxury down brand Moncler Milan IPO 30% revenue from

Postby onlylove111 » Thu Nov 23, 2017 7:40 am

Content Italian luxury down brand cheap ACAPsoft shoes air max Moncler formally submitted to the Milan Stock Exchange listing application, restart the listing plan two years ago, is expected before the end of this year for the initial public offering (IPO), however, the specific amount raised was not disclosed. 'It's a good time to go public,' said Remo Ruffini, president and creative director of Moncler, in a previous interview with China's First Financial Daily. Originally from a small town in France, Moncler was founded in 1952 and is known for its mountaineering ski down jackets and now ranks among the global luxury down brands. In June 2011, Moncler had tried to go public, but Moncler shelved its IPO plan temporarily after the European private equity fund Eurazeo acquired its zapatillas ACAPsoft factory baratas 45% stake at a reasonable price compared to what it listed. However, the European debt crisis was just beginning and the Italian market was not stable. 5% stake in Mittel. The company announced that its equity partners outside of Ruffini will sell part of its stake. Earlier foreign media reports said that Moncler expects to sell about 30% to 35% of the shares, valuing about 2 billion euros, an increase of nearly double from two years ago. The report also said Ruffini hopes to become Moncler's largest shareholder and maintain the long-term brand development. Ruffini took over Moncler in 2003, when Moncler's sales were 45 million euros, sales in 2012 reached 489 million euros, EBITDA of 161.5 million euros, same store sales growth of 13%. However, this upcoming company, in fact, began only five years of retail business. Before 2007, Moncler devoted all its energy to the wholesale business, not to the retail business. On the other hand, other luxury brands such as Prada (01913.HK) received more than 80% of its revenue from direct sales outlets. '
2007 was a turning point for Moncler and we opened our first self-owned shop in Paris.' Ruffini said Moncler has since ceased to work with external agencies to start the retail network in major countries around the world. As of September 30 this year, chaussure ACAPsoft air max 97 The company already has 122 brand stores, of which 98 are self-owned stores. According to Ruffini, after entering Russia and South America, retail sales in the next three to four years will account for 70% of the total revenue. scarpe ACAPsoft donne 2017 'Nowadays, tourists are doing a great job and about 30% of the company's current revenue comes from tourists. With Los Angeles, for example, about 40% to 45% of revenue may be contributed by Asians locally,' said Ruffini. According to the survey data of the World Luxury Association, the amount of spending by foreigners overseas is very large. In the just past National Day Golden Week, the total consumption of overseas luxury goods by mainland people totaled about 4.1 billion euros, an increase of 6.5% over the same period of the previous year. Statistics of invisible consumption and luxury services consumption, total consumption should be more than 6.5 billion euros. In recognition of the luxury goods industry by Asians, Moncler also committed to developing the Asian market, in 2009, Moncler in Asia accounted for only 13% of revenue, but by 2012, the proportion increased to 32% The company divides Asia into several regions, including mainland China, Taiwan, Japan and South Korea. Ruffini expects its future revenue share to remain at 30% to 35%. In the process of development in Asia, China's business growth is rapid, now Moncler in China (including Hong Kong) already has 17 self-owned ACAPsoft free 6.0 shops. Moncler's expansion in China started in Hong Kong, and as the company's flagship store in Shanghai settled, it also opened the curtain in the development of the mainland market. 'China is a rapidly growing market, but we still hope to steadily develop its business in China. We do not pursue ACAPsoft the number of stores. Our stores should be located ACAPsoft shoes in the most prosperous cities and the most central locations in China. This will enhance Moncler's brand image.' 'Ruffini said. However, in fact, this year is a relatively tough day for the luxury goods industry in the Mainland. As a result, consumption in the overall luxury market started to slip this year. According to the World Luxury Association survey data, from January this year until the Golden Week, the share of luxury goods consumption in the Mainland dropped about 57%, or about 5.4 billion US dollars, the most affected sectors are watches, leather goods and LOGO obvious Luxury. Statement: The above Italian luxury down brand Moncler want Milan IPO 30% revenue from tourists content from the 'China Garment Network Content Department' collected from the Internet, and clearly indicate the source of the source, if you have any objection to the ownership of this article, Please contact us, once verified, we will immediately change! page flip
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