By
Reuters API
Reuters API
Published
May 11, 2018
May 11, 2018
Fashion group Valentino says no plan to list company
By
Reuters API
Reuters API
Published
May 11, 2018
May 11, 2018
Italian fashion house Valentino said on Friday there was no plan to list the company.
A source told Reuters in December that Valentino was preparing to list on the Milan bourse sometime from late 2018, with its Qatari owner planning to sell around a quarter of the company in an initial public offering.
In a statement, Valentino also said 2017 revenues rose 7 percent at constant exchange rates to 1.16 billion euros (1.02 billion pounds), while core earnings fell to 190 million euros from 206 million a year earlier, hit by costs relating to marketing and industrial investments.
"The company's objective remains focused on realising the brand's full potential," it said in a statement.
© Thomson Reuters 2024 All rights reserved.