Italy Luxury Brand Valentino Will Be Listed Next Year

Informed sources from Milan said Italy's luxury brand.

May consider listing in the second half of 2018.

According to the world clothing shoes and hats net, LVMH group's flag.

Brand Marc Jacobs former CEO Sebastian Suhl will join Valentino SpA as global market manager in January next year to promote Valentino expansion worldwide, which means that Valentino is closer to IPO.

In March this year, CEO Stefano Sassi said, "the time of Valentino listing may be in 2018, but exclude the possibility of IPO in 2017.

The delay in the listing plan is out of

Condition consideration.

If market conditions improve, we will reconsider the time of listing, but at the moment, we will not discuss listing matters within the company. "

(see the report: Valentino 2016 annual sales of 1 billion 100 million euros, the first to 2018).

"Despite the fact that we haven't received any information about the listing yet, I would not be surprised if Valentino IPO is IPO in the second half of 2018," said Daniele Alibrandi Alibrandi, Intermonte SIM, European equity research firm.

IPO depends on market conditions.

Luxury goods companies will announce the second half of 2017 in the first half of 2018, and there is no indication that the overall trend will deteriorate (the third quarter of 2017 is generally optimistic, and the overall trend will be consistent with the third quarter).

Alibrandi said: "French luxury group Kering (Kai Yun) may purchase Valentino someday, because once the Puma is sold, it means that the company will make new investment.

But I don't think it will buy Valentino immediately. Opening the cloud will give priority to revitalize Bottega Veneta and expand its medium size brand.

Therefore, there will be no obstacle to the listing of Valentino. "

Armando Branchini, vice chairman of InterCorporate company in Milan, said: "joining Suhl will ease the pressure of Sassi in daily management.

Suhl's resume is excellent, and it is a good complement to the management team after Massimo Piombini withdraws. "

Piombini left in April 2017 and joined the Valentino luxury brand Balmain, which belongs to Mayhoola, a Royal Investment Agency in Qatar (see: Balmain, J.Crew, Emilio Pucci).

Branchini added: "Valentino needs to have a strong listing team to maintain growth before going public, and Sassi can focus on more strategic aspects."

"The idea of listing is perfectly reasonable," said Luca Solca, Exane BNP Paribas, Paris, France. "The idea of listing is perfectly reasonable. Sassi has done a good job and it is normal for shareholders to get rewards."

Last year, Italy fashion consultancy Pambianco Strategie di Imprese announced that in the list of the most promising 65 products in the year 2016, luxury and design companies, Valentino jumped from the previous seventh to second.

"The purpose of the study is to determine which companies will have the prerequisites for IPO IPO in the next three to five years," said Carlo Pambianco, President of the company.

(see the report: in 2016, the 65 most popular list of Italy fashion design companies ranked Armani.

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To be sure, IPO has no exact date yet. Last year, Valentino, who broke through the $1 billion sales mark, was not in a hurry.

(see the report: Italy luxury brand Valentino valuation is as high as 4 billion euros, and IPO has bright prospects). The company was invested by Valentino, the Royal Investment Agency Mayhoola of Qatar, in 2012.

However, an analyst has suggested that the blockade of Qatar by other Gulf States headed by Saudi Arabia may affect Mayhoola's investment in luxury goods, so Valentino listing may be a way to pfer investment.

In March 2016, Sassi emphasized that Mayhoola is still the owner of Valentino and wants to further expand its luxury assets, including the acquisition of Balmain, etc. (see details: Valentino major shareholder, Qatar Royal Investment Agency acquired French luxury brand Pierre Balmain, and handed in nearly 500 million euros).

Mayhoola is also a controlling shareholder of Pal Zileri and a minority shareholder of Anya Hindmarch.

(see the report: Qatar Royal Investment Organization Mayhoola, Italy) is holding Pal Zileri, a senior men's wear brand.

It is said that Sassi has taken part in the above decisions, and there are rumors that he may also be promoted to manage all the brands of Mayhoola.

One analyst questioned the change in personnel before the listing.

Why should we change things before IPO, especially in the light of the fact that CEOs do so well? If they want to build an excellent listed company, this is not a good choice.

Over the past few years, Valentino has been growing at a high speed, and sales have increased almost three times in the past four years, from 400 million euros in 2012 to 11.6 billion euros in 2016.

According to Italy fashion magazine "MF Fashion", the company's valuation has reached 4 billion euros.

(see the report: Italy luxury brand Valentino valuation is up to 4 billion euros, IPO has bright prospects)

The new global market manager has witnessed the listing of Prada.

Sebastian Suhl was born in New York and has an MBA degree from Esade of Barcelona business school. She was regarded as a rising star in the top of LVMH. In 2014, she joined Givenchy LVMH's Marc Jacobs company as CEO. She left this summer.

During the period of Marc Jacobs, Suhl closed the launch of the Marc by Marc Jacobs launched in 2000, consolidating the brand characteristics, focusing on accessories and strengthening the vertical retail business of the brand.

Suhl joined Givenchy in 2012, after which he worked in Prada Group for 11 years, joined Prada in 2001 as general manager of France, promoted to Asia Pacific CEO in 2005, and appointed the group chief operating officer in 2009 to help Prada to be listed in Hongkong securities exchange in 2011.

"Suhl is an experienced executive and his understanding of the Asian market will be an added value," said Giovanna Brambilla Brambilla, partner of Value Search, a headhunter company in Milan.

He not only understands the market, but also understands the consumers in the area very well.

Bain & Co. (Bain & Company) and the Italy luxury Trade Association (Altagamma) released the 2017 Global Luxury Industry Research Report (sixteenth edition), showing that the sales of personal luxury goods in mainland China increased by 15% year-on-year, the highest in various markets and 20 billion euros in the total market value (see: Bain Altagamma, 2017 Global Luxury Industry Research Report: by 2025, the proportion of online channel sales will increase to 25%).

Consumer spending in mainland China has also increased. In 2017, 32% of global luxury goods sales came from consumers in mainland China.

Thanks to the reshaping of confidence in Europe, Asian and American consumers, and the contribution of Chinese consumers to tourism consumption, global personal luxury consumption is expected to grow by 5% in 2017.

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