Furla postpones IPO

Furla postpones IPO




Furla has confirmed to postpone its IPO. The company initially disclosed plans to postpone the IPO seven months ago. On Monday, Furla CEO Alberto Camerlengo confirmed in an interview with the business newspaper Affari e Finanza that the IPO will be delayed.








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furla sale





Furla will remain in the hands of Furlanetto, the founding family of Furla. The company has not ruled out plans to go public, but it will not do so in the short term.

Tamburi Investment Partners is an investment partner with a minority stake in brands such as Hugo Boss and Moncler. They hold a 15% stake in Furla and sold it for $35 million in October last year. Furla President Giovanna Furletto and her children's holding company Bloom bought back the shares. Bloom currently owns 70% of the company's shares, and the remaining 30% is owned by other members of Furletto's family.

Despite delaying the initial public offering, Furla's business is still performing well. The company has seen double-digit growth for six consecutive years, but the growth has continued to rise, but as of 2018 only reached single digits. Furla plans to renovate its stores with new designs in the coming months and plans to reorganize its distribution channels. Plan by reducing the number of retailers. The company currently has 490 stores, 163 of which are franchise stores.

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