What Did Versace Say About Giving Up The Big International Card?

These big international brands such as Versace are God's existence in the hearts of our small civilians. But recently, sales growth has been slow and has encountered difficulties this year.

Italy luxury goods that are attacking IPO

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 said Gianni Versace SpA Versace group's growth in 2016 will be slower than in 2015.

According to the no fashion Chinese network data, in 2015, the group earned 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, an increase of 8.6%.

Retail sales rose 28.9% to 400 million 700 thousand euros compared with the same period last year, and e-commerce rose by 31.2%. The authorized business income of perfume, glasses and interior design also increased by 17%, to 49 million 400 thousand euros, while wholesale channels declined slightly from 0.4% to 194 million 900 thousand euros.

Among them, men's and women's wear accessories account for 50% of retail sales.

The main line brand Versace recorded a 23.6% growth; the secondary line brand Vervus Versace retail sales doubled, wholesale income also increased 21.4%, two years ago, the brand income.

Yuan has increased to more than 37 million euros in 2015.

For the Asian market, Gian Giacomo Ferraris still expressed confidence that Gian Giacomo Ferraris praised China's "excellent performance" in its annual report. However, Hong Kong and Macao businesses are hard to avoid being influenced by Chinese factors.

According to the no fashion Chinese network data, 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 Versace ratio of the main line brand 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.

Gian Giacomo Ferraris revealed at the end of last year 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% shares in 2014 to Blackstone Group LP (NYSE:BX) Blackstone, the time value was over 1 billion euros, and the compound annual growth rate was 17% from 2010.

Previously, it pointed out that the annual income reached 800 million euros.

Gian Giacomo Ferraris of IPO indicated that although there is no definite timetable, it is hoped that it can be carried out as soon as possible, and that the listing place as an international luxury group is not limited to Italy, London and Hongkong, 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.