Antichi Pellettieri declares excellent Q1 results

14 May '08

4 min read

The Group's favourable sales mix is evidenced by:

•Own brands which generated 83.5% of consolidated revenues;
•Direct distribution channels representing 46.1% of consolidated revenues with 12.1% generated from DOS and Franchising;
•export markets representing 63.6 % of consolidated revenues.

STRATEGIC AND OPERATING HIGHLIGHTS

2008 has proven extremely dynamic with:

•The acquisition of 100% of Finduck, owner of the renowned brand, Mandarina Duck (May 2008). 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;
•The acquisition of 14% of the equity of Francesco Biasia Spa (May 2008). With this acquisition, AP owns 100% of Francesco Biasia's share capital;

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