Italy Fashion Brand Liu Jo Seeks IPO

Italy fashion brand Liu Jo is preparing to make initial public offerings or sell part of its shares to settle the differences between the founders' future ownership of the company.

According to three people familiar with the matter, one of the 67 founders, Vannis Marchi, is seeking to sell its 36.8% Liu Jo stake, while the 52 year old brother, Marco Marchi, who holds 50.8% stake, will maintain the majority shareholder status and not participate in the paction.

News revealed

A meeting with several private Holdings Company has been made, and investment banks will be invited to deal with investors' intentions in the next 12 months by double track IPO and equity pfer. The proceeds will be used to support North American expansion to offset the weakness of the Eastern European market.

However, a spokesman for Liu Jo has denied the sale: "the rumor has been circulating for a long time.

Although brand owners have formally sought the valuation, it does not mean they want to sell or go public.

Liu Jo has 240 stores all over the world, most of which are concentrated in

And Asia, the total number of employees is 550, valued at about 500 million euros, which is 10 times the profit of 50 million euros before its EBITDA interest tax depreciation and amortization.

In 2013, Liu Jo earned a total of 281 million euros, 155 million euros in 2006, an increase of 83.2% in 7 years, and expected to break 300 million euros in 2014.

According to data, last year, Italy

The total amount of M & A pactions in the industry is only 352 million euros, which shrank sharply compared with 2 billion 800 million euros in 2013. However, in 2013, it mainly relies on LVMH Mo t Hennessy Louis Vuitton SA (LVMH.PA) MOET & CHANDON Hennessy LV group to buy cashmere textiles and excellent group Loro Piana SpA SpA equity, which is worth 2 billion 560 million US dollars.

The main paction in 2014 was the US private equity fund Blackstone Group LP (NYSE:BX) Blackstone bought Gianni Versace SpA Versace 20% stake in 210 million euros.

In addition to Liu Jo this year, the most likely sale is the Roberto Cavalli SpA, which has been on sale but has been wrong.

The latest surfacing buyer for Italy private Holdings Company Clessidra SGR SpA, both sides have entered exclusive negotiations, expected to sign before March, Clessidra SGR SpA may buy the most Roberto Cavalli SpA 90%.

Roberto Cavalli SpA CEO Daniele Corvasce 1 said during the month's interview that the negotiations were proceeding smoothly.