Home / Knowledge / News / Fashion / Antichi Pellettieri acquires 100% of Finduck for €36.9 mn

Antichi Pellettieri acquires 100% of Finduck for €36.9 mn

07
May '08
Antichi Pelletieri S.p.A. a leading Leather Goods company controlled by Mariella Burani Fashion Group, announces it has signed a contract for the acquisition of 100% of the stock of Finduck S.r.L. (“Finduck”), from Finduck Group S.p.A. Finduck, founded in Bologna, Italy in 1977 owns the Mandarina Duck brand.

The Mandarina Duck brand, established amongst the leading international brands in the accessible luxury goods market, provides a full range of handbags and accessories for travel, work, and sports. The brand is particularly known for the light, functional nature of its accessories made possible by a unique, innovative mix of technical materials particularly suited to a young, dynamic clientele.

Finduck generated approximately €67 million of revenues in 2007 with a corresponding Ebitda margin in excess of 13%. The majority of the company's revenues are generated in Western Europe, providing Antichi Pellettieri an excellent opportunity to further develop the Mandarina Duck brand in emerging markets; markets that today generate over 40% of AP revenues.

Over 40% of 2007 revenues were generated from Finduck's extensive retail network that includes 94 Mandarina Duck boutiques world-wide (35 directly operated stores and 59 franchisees), of which 41 are located in Italy, 33 in other Western European countries and 20 worldwide. The international retail network of Antichi Pellettieri (176 boutiques at December 31, 2007) will be complemented by the retail network of Finduck, and is expected to include over 285 boutiques by year end.

Click here to view more:

Antichi Pelletieri S.p.A.


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 25th Nov 2020

Bangladesh reduces REX fee for RMG export to EU

Bangladesh's Export Promotion Bureau recently reduced the service...

Pic: Shutterstock

Textiles | On 25th Nov 2020

EACHAM-LOBA MoU to improve logistics between Cambodia, PRC

Cambodia's Logistics Business Association (LOBA) and the European...

Pic: Shutterstock

Apparel/Garments | On 25th Nov 2020

JETRO, Bangladesh's CCCI sign MoU to foster trade ties

The Japan External Trade Organisation (JETRO) and Chittagong Chamber...

Interviews View All

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Textile industry, Head honchos

Textile industry
Head honchos

Athleisure is the current buzzword in fashion

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Madhu Sudhan Bhageria,

Madhu Sudhan Bhageria

Incorporated in August 1990, Filatex India Ltd manufactures manmade...

Tom,

Tom

<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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

Leave your Comments


November 2020

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


Advanced Search