Despite multiple suitors Furla has no plans to sell

Despite multiple suitors Furla has no plans to sell




The Italian handbag manufacturer's revenue doubled in four years, reaching 513 million euros in 2018. Despite several Italian and foreign bidders, the company plans to maintain a family-run business.








furla sale
furla sale





Italian handbag manufacturer Furla's chairman and largest shareholder told Reuters on Friday that although Italian and foreign bidders knocked on the door, Italian handbag manufacturer Furla plans to continue to maintain the family-run form.






The Furlanetto family has been established for almost a century, but still owns all the ownership. In the past four years, Furla’s revenue has doubled, reaching 513 million euros in 2018, an increase of 5.2% at constant exchange rates.






Giovanna Furlanetto said in an interview: "We are extremely welcome, which is undoubtedly satisfying: they are important names, and they provide us with a lot of money. However, the idea is to continue."






In recent years, several Italian luxury goods companies and fashion brands including Gucci, Loro Piana and Bulgari have been snapped up by foreign buyers, highlighting the independent , The challenge of competing with large companies, usually family-owned groups.






Furla is known for its clean, linear design. Although more and more brands are facing the need for cooling high-end accessories, in Europe and other regions, Furla's success is based on the increasing popularity of increasingly popular luxury goods. Welcome based.






For many years, the company has been considering the possibility of financing growth through a market listing, but Furlanetto said it was not in a hurry.






She said: "Our goal is healthy organic growth." "Listing is an option, but of course there is no urgency." There is no sign that family members who own a minority share want to join the company.






Furlanetto and her two brothers inherited Furla from their father. The group owns the majority stake in the group, which is run by outside managers. Her son is a member of the board of directors, but does not hold an operational position.

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