Revenues of Antichi Pellettieri S.p.A zoom

13 Nov '08

4 min read

•The acquisition, closed in June, 2008, of 100% of Finduck for € 36.9 million, a company that owns the renowned Mandarina Duck brand;

• The continued extension of the Group's retail network, which consists of 309 boutiques at September 30, 2008 (89 DOS and 220 Franchisees), including the 54 boutiques (12 DOS and 42 franchisees) inaugurated in the first six nine of this year, of which over xx% are located in emerging markets;and

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

In addition, AP Shareholders agreed, at the extraordinary shareholders' meeting held on October 6, 2008, to transfer the AP shares from the Expandi segment of the Italian Stock Exchange to MTA in continuous trading. The transfer is expected to be effective in early December.

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 nine months 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 give management confidence in the near and long term prospects for the business.

Antichi Pellettieri

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