Home / Knowledge / News / Apparel/Garments / Italian apparel brand Brunello Cucinelli files for IPO
Italian apparel brand Brunello Cucinelli files for IPO
06
Feb '12
Brunello Cucinelli, the high-end Italian cashmere apparel brand, has filed a request with stock regulators in Milan to list one-third of the company's stocks through an initial public offering (IPO).

The premium brand's sweaters have been worn by Prince William and celebrities like Daniel Craig.

Mr. Brunello Cucinelli, the founder of the brand, said the company's listing would provide it with greater financial stability and boost its business.

He added that the listing would also help the company raise its visibility and attract employees with global exposure, needed to increase the company's business in foreign countries.

In spite of difficult market conditions in Italy, Cucinelli has chosen to list his company in his home country, rather than in any Asian country. It shows Cucinelli's faith in revival of Italian economy, which is currently under reform to reduce its debt, and modify the economy to avoid falling further victim to European sovereign debt crisis.

Earlier, Cucinelli had forecasted its 2011 revenues at €246 million and its pre-tax profit at €30 million, backed by good demand in North America and China.

Brunello Cucinelli is based in Solomeo in Italy and owns over 50 outlets. The company also offers its products through over 1,000 retail points across five continents.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search