Versace Expects To Earn 640 Million Euros This Year For IPO.

Versace is on the market for IPO. Its annual revenue is estimated to be 640 million euros. Versace expects to grow by about 17% this year. The group will take the next step in IPO.

Gian Giacomo Ferraris, the group's chief executive, said at the Pambianco annual meeting of Italy fashion industry information consulting company held in Milan on Friday that the Group expects total revenue to reach 640 million euros (about $688 million 200 thousand) in 2015, and the profit EBITDA before interest tax depreciation and amortization will grow by 18%.

According to relevant data, last year, the group's profit before tax, depreciation, amortization, EBITDA totaled 67 million 600 thousand euros (about 90 million US dollars), and its sales amounted to 548 million 700 thousand euros (about 729 million 700 thousand US dollars).

Ferraris said that there is no definite IPO timetable for the time being, but that is what he wants to do as soon as possible.

During the meeting, Ferraris said that the group was preparing another initiative for the stock exchange, while Versacce was further developing its corporate social responsibility and establishing an internal legal team supported by external partners.

He added: "this is very important. We want to respect global standards.

This is a concrete proposal to prepare for the listing. "

Last year, the group sold 20% of its shares to Blackstone Group to support global expansion. Ferraris stressed that the Versace family hopes to maintain its main control over the company through listing.

The company will pay close attention to IPO, which has reached 800 million euros (or more than 860 million 200 thousand US dollars).

When asked

In the US business, Ferraris emphasized the flexibility and balanced market structure of the company under the strong leading European business.

Investors have already been led to Europe and other regions, especially in places such as China.

According to relevant data, the group recently opened new stores in Madrid, Barcelona and Dusseldorf, and opened a store in Berlin this month.

At present, the number of shops in Europe accounts for 42% of the total group, while Asia accounts for 38%, while the United States accounts for 17%.

Ferraris still has a positive attitude towards the Chinese and Japanese markets and has revealed that the brand will open a new flagship store in Ginza next week in Tokyo, Japan.

The group emphasized that the development of Versace's brand Versus is a non seasonal digital project. The executive said that the group's total online revenue accounted for 8% of sales, and the group has been committed to

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Carlo Calenda, Vice Minister of economic development of Italy, stressed that although Italy relies on the whole fashion and textile production chain, the export growth of these two industries has been lower than that of other industries in the past four years.

Calenda revealed that the cooperation between the Italy government and US Department stores has increased the exposure of Italy's domestic enterprises in the United States, which will also promote the completion of specific initiatives and promote the development of Italy's textile and fashion business companies in the world.

The Italy government is about to launch a "high potential" project, which aims at helping medium-sized enterprises to cooperate with financial consulting companies and establish a business and business plan to focus on the internationalization of brands.

In addition, Calenda also pointed out that the fashion system in Italy has been particularly fragmented compared with other countries, and in order to create a more cohesive system, the prime minister Matteo Renzi in February 24th

The first day will be the establishment of a new board to represent the fashion and textile associations, major brands and companies, and the entire industry chain.

Calenda said: "the board will determine the annual target and prioritized government requests."

Calenda also emphasized the necessity of developing the trade exhibition schedule under the synergy of Italy fashion week.