GOING PUBLIC: Luxury on-line retailer Giglio.com introduced a request to the Italian Bourse on Friday to publicly checklist on the AIM Italia, the Stock Exchange’s program devoted to small and medium-size corporations.
The admission to the negotiations is predicted on July 21, whereas buying and selling is forecast to kick off on July 23.
“The public listing is an important step in the history of our company, confirms the extraordinary path that has brought us here and will allow us to rely on additional resources to pursue new ambitious goals to grow and develop the company,” stated Giuseppe Giglio, president and chief government officer of Giglio.com. His brother Federico shares the CEO function.
In addition, following the appointment of a brand new board which might be in cost till Dec. 31 2023, he touted “the experience and proven skills” of the members, who will present “a formidable contribution to our project.”
The new members embrace Alessandro Varisco, former Moschino CEO and present CEO of Twin-Set; Mario Boselli, honorary chairman of Italy’s Camera della Moda; Matteo Gatti, and Francesco Tombolini, former president of the Camera Italiana Buyer Moda. Giuseppe and Federico Giglio’s father Michele additionally sits on the board.
Giglio.com reaches greater than 150 international locations on the planet, carrying probably the most prestigious vogue and luxurious manufacturers for ladies, males and kids, from Giorgio Armani and Balenciaga to Fendi, Gucci, Prada and Valentino to call a number of. The web site was launched in 1996 by the Giglio household.
The Giglios additionally rely 5 bodily boutiques in Palermo, Italy — a enterprise developed since 1965 — however this brick-and-mortar exercise is just not being listed.