Gruppo Florence has built a large production conglomerate through acquisitions, currently comprising 26 companies. In 2022, the group achieved a total revenue exceeding €600 million.

“We’re going to stay a private, independent company. Rumors always float around, but you can put those to rest.”

In the first quarter, The RealReal’s strategic focus on higher-margin consignment business has started to yield results. During the first quarter, consignment revenue experienced a 22% YoY growth, while direct revenue saw a decline of 49% YoY.

Giorgio Armani, the founder, concluded, “The medium-long term strategic path I have chosen to undertake continues to prove effective as is evidenced in the results.”

For Fiscal 2024, the Company expects revenues to increase approximately low-single digits to last year on a constant currency basis.

On May 26th, 2023, Glamour released a total of 62 visual and textual news articles, covering 66 brands, 8 commercial establishments, and 11 cities.

The reasons behind this include concerns about the impact of a new wave of COVID-19 on the Chinese market, leading to the potential reimplementation of strict control policies, which could affect the demand in this crucial luxury consumer market. There are also worries about the slowdown in the growth of the US economy.

China’s largest sportswear and apparel retailer, Topsports, releases 2022/23 performance report with revenue of 27 billion yuan.

On May 25, 2023, Luxe.CO Tong released a total of 54 news articles with images, covering 60 brands, 11 commercial centers, and 12 cities.

In this IPO, IDB raised €70 million, with a total amount of €80.5 million if the greenshoe option is not included. At the beginning of trading, the group had a market value of approximately €293 million.