Optimal performance from Antichi Pellettieri footwear & handbags

29 Aug '08

4 min read

• The continued extension of the Group's retail network, which counts 221 boutiques at June 30, 2008 (51 DOS and 160 Franchisees), including the 39 boutiques (9 DOS and 30 franchisees) inaugurated in the first six months of this year, of which over 60% are located in emerging markets;

• New product launches for the Group's own brands and for third party brands including Aquascutum, Gherardini and Amazon Life;

• The introduction and development of the Group's footwear collections in Cina;

In addition, the Board of Directors has agreed to convoke an extraordinary shareholders' meeting on October 6, 2008 as is required in order to transfer the AP shares from the Expandi segment of the Italian Stock Exchange to MTA in continuous trading.

Outlook 2008:
As witnessed in the above results, the accessible luxury goods market continues to offer many opportunities for Antichi Pellettieri and the Group is benefiting from its consolidated position in this market as well as from its strong presence in emerging markets, a key growth driver.

The positive performance in the first half of the year, the encouraging sell-out statistics from F/W 2008-2009 collections, the contribution of Finduck, and the benefits of entering into a strategic partnership with 3i combine to allow management to confirm dynamic revenue growth expectations for the year.

Antichi Pellettieri Spa

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