According to IDB, the upcoming IPO is expected to be a major catalyst for the company, enabling it to attract top talent and senior management.
This is another move after the successful integration of the brand’s leather goods center in Florence, Italy.
Hind expands its business portfolio to the textile industry through this transaction.
Kiton is eyeing a potential IPO but sees it as a long-term project rather than an immediate goal.
With a current market share of around 12% in China, Brunello Cucinelli aims to further expand this figure in the next five-year plan.
The company is consistently increasing investment in its design department, remaining committed to local production in Italy, and collaborating with textile education institutions to enhance artisanal textile craftsmanship.
On March 14 after the financial report was released, the stock of Tod’s Group rose accordingly. As of the close, the stock price rose by 7.02% to 36.28 euros compared with the previous trading day.
The Asia-Pacific region saw a 1.7% YoY decline due to COVID-19 control measures in China, but rebounded with growth in the second half of the year.
In 2022, Safilo’s net sales amounted to €1,076.7 million, up 11.1% at current exchange rates and 4.2% at constant exchange rates compared to €969.6 million recorded in 2021.
IEG will continue its Southeast Asia development plan with the support of the Singapore Tourism Board.
