218
Fashion Jobs
SHIMANO
Brand Coordinator
Permanent · UPPSALA
L'OREAL GROUP
Pharmacy Representative - Dermatological Beauty Division - Gothenburg Region
Permanent ·
GANT
Business Controller
Permanent · STOCKHOLM
GANT
Senior Business Controller
Permanent · STOCKHOLM
H&M
Operations Manager to h&m Distribution Center Borås
Permanent · BORÅS
H&M
Web Analyst / qa Data Layer Resource
Permanent · STOCKHOLM
H&M
Data Analyst to h&m – Supply Planning
Permanent · STOCKHOLM
H&M
Engineering Manager Sap Platforms, Sap Dev & Tech
Permanent · STOCKHOLM
H&M
Wifi Solution Architect - Network
Permanent · STOCKHOLM
H&M
Cyber Security Iam Manager
Permanent · STOCKHOLM
NAKD
Head of Sales
Permanent · GOTHENBURG
NAKD
Head of Commercial Business Control
Permanent · GOTHENBURG
H&M
Pension & Benefits Administrator And Process Improver
Permanent · STOCKHOLM
H&M
Technical Engineer For Warehouse Devices Management
Permanent · STOCKHOLM
H&M
Junior Planner to h&m Assortment- Open Application
Permanent · STOCKHOLM
RALPH LAUREN
Sales Professional
Permanent · STOCKHOLM
H&M
Advanced User Team Leader
Permanent · ESKILSTUNA
ZALANDO
Principal Product Manager - Data And Platform (All Genders)
Permanent · STOCKHOLM
ESSILORLUXOTTICA GROUP
Key Account Manager Nordics
Permanent · GOTHENBURG
H&M
Production Manager – Singular Society
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Finance & Compliance (All Genders)
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Returns Shipping Solutions
Permanent · STOCKHOLM
Ads
By
Reuters
Published
Feb 28, 2011
Reading time
2 minutes
Download
Download the article
Print
Text size

Italian fashion house Ferragamo not seeking HK IPO

By
Reuters
Published
Feb 28, 2011

Feb 27 - Italian luxury goods maker Ferragamo, whose shoes have been worn by stars including Marilyn Monroe and Al Pacino, is not considering a share listing in Hong Kong like its fashion peer Prada, its CEO has said.

Calvin Klein, Salvatore Ferragamo
Ferragamo’s S/S 2011 ad campaign, shot by photographer Mikael jansson, reinterprets the seduction and bohemian spirit from the classic French fimm ‘La Piscine’, the source of inspiration for the season’s collections

Catwalk trailblazer Prada last month green-lighted a long-awaited initial public offering in Hong Kong, which, if successful, could value the company at more than 6 billion euros ($8.25 billion).

"We have not taken any decision (over an IPO)," Ferragamo Chief Executive Michele Norsa said on the sidelines of the company's womenswear show on Sunday, dismissing a report in the Sunday Times indicating Hong Kong as a possible location for a stock listing.

"We remain committed to Italy," he said.

The British daily said the Florence-based company could meet bankers over an IPO as early as next month.

Italian business weekly Il Mondo has said a market debut could take place between this autumn and spring 2012. Norsa did not give any timing option for a decision.

Speculation over a Ferragamo IPO mounted after Prada and outerwear maker Moncler hired banks to prepare for a listing for as early as this summer.

"We are not seeing what other companies are doing," Norsa said.

The family run maker of fine leather shoes and bags, which unveiled a black-and-white womenswear collection on Sunday, has said it could float depending on market conditions after freezing a previous listing plan in 2008.

Ferragamo's revenue grew 26 percent to 782 million euros in 2010, Norsa said, adding the trend was confirmed in the first weeks of this year.

"All markets are going well, not only China," he said.

Norsa, who is traveling to Dubai for business next week, said the political turmoil in the Middle East and North Africa was not having a particular impact on sales.

"Our franchise shop in Cairo has reopened. It has remained closed for just 10 days," he said.

(Reporting by Antonella Ciancio, Editing by Maureen Bavdek)

© Thomson Reuters 2024 All rights reserved.