Armani Set Up The Same Name Fund Inheritance Group To Break The Possibility Of IPO

Italy designer Giorgio Armani Giorgio Armani

Because of Italy

Giorgio Armani Giorgio Armani is 82 years old this year. It was founded by itself in 1975.

The issue of group heritage is imminent for the sole shareholder of Giorgio Armani SpA, Giorgio Armani group.

Recently, Giorgio Armani Armani announced for the first time that it will set up the Giorgio Armani Foundation and Giorgio Armani foundation to solve the problem that has attracted the attention of the whole industry.

Four years ago, when he talked about the future of the group, he mentioned the possibility of the foundation, and pointed out that such an operation could provide financial protection and strategic advice for the family's descendants. But in 2015, he once changed his mind that the Giorgio Armani SpA might be listed in the future, but he would still bite it and not sell it to the big group.

Giorgio Armani, Giorgio Armani, still takes into account the management and design responsibilities of the group. It not only shoulders multiple duties of the chairman, chief executive officer and creative director of the board, but also commands the group's flag.

The diversified business of accessories, beauty, furniture and real estate, and Giorgio Armani SpA is owned by 100% of him, which is the only one in the fashion industry.

In early 2014, Andrea Camerana, the former chief operating officer of Giorgio Armani SpA successor, suddenly resigned. In view of the fact that he was the identity of the Rosanna Armani son of Giorgio Armani sister, the news of his resignation came very suddenly and shocked the industry.

At present, in the board of Giorgio Armani SpA, in addition to Giorgio Armani, Andrea Camerana, Rosanna Armani, Silvana Armani (Hou niece, women's wear design director) and members of the family members, such as Mr. Hu (Nien, Niu, Niu, Niu, Niu, Nie, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu, Niu,

In a statement released on the weekend, Giorgio Armani Armani said that Giorgio Armani Foundation would protect the assets management of Armani Group and Armani group, and ensure that these assets remained stable under certain principles that they paid special attention to.

He further laid the foundations of these principles, including independent independence, management based on integrity and moral integrity, emphasis on innovation and excellence, and proper investment, prudent balance of financial management, limited borrowing and prudent mergers and acquisitions to maintain the sustainable development of Armani brand, and this must be the first priority of the foundation.

Exane BNP Paribas SA (BNP.PA) farba analyst Luca Solca pointed out that Giorgio Armani, Giorgio Armani's handling method is similar to that of Rolex Rolex founder Hans Tan, which is currently controlled by the company.

The foundation of such a foundation largely erased the possibility of IPO.

Over the past few years, Giorgio Armani SpA has been at the forefront of Italy's most popular list of fashion groups, which is jointly released by Pambianco Strategie di Impresa and Milan stock exchange in the luxury and fashion consulting firm in Italy.

Bernstein analyst Mario Ortelli believes that the existence of the foundation also makes it harder for potential buyers to buy Giorgio Armani SpA.

In 2015, Giorgio Armani SpA was unable to be immunized in the luxury sector because of the slowdown in China's economic slowdown and exchange rate fluctuations and terrorist attacks on tourism, the group's annual revenue slowed sharply and earnings growth almost stagnated.

According to statistics, Giorgio Armani SpA earned 2 billion 650 million euros last year. It is the second largest luxury group in Italy after Prada SpA (1913.HK), Prada, according to revenue. (Note: it does not include the French luxury group kering SA (KER.PA) Kai Yun group's Italy brand Gucci Gucci), but its revenue growth has dropped from 16% in 2014 to 4.5%.

The core profit of EBITDA 5.13 billion was only 1.2% higher than that of 507 million euro in 2014, or less than 5.7% in the previous year, and the EBITDA profit margin dropped 60 basis points to 19.4%.

By the end of 2015, Giorgio Armani SpA had 2983 sales outlets in over 60 countries and regions, including Giorgio Armani 165, Emporio Armani 338, Armani Collezioni 754, A|X A|X 238, 880, 198, and 198, with only 429 outlets.

The group also has a high-end custom brand Giorgio Armani Priv e.

Wholesale revenue, which includes annual empowerment, totaled 4 billion euros, an increase of 8.1% over 2014.