GOING PUBLIC: Luxurious online retailer Giglio.com introduced a request to the Italian Bourse on Friday to publicly listing on the AIM Italia, the Inventory Alternate’s program devoted to small and medium-size firms.
The admission to the negotiations is anticipated on July 21, whereas buying and selling is forecast to kick off on July 23.
“The general public itemizing is a crucial step within the historical past of our firm, confirms the extraordinary path that has introduced us right here and can permit us to depend on extra sources to pursue new formidable targets to develop and develop the corporate,” mentioned Giuseppe Giglio, president and chief government officer of Giglio.com. His brother Federico shares the CEO position.
As well as, following the appointment of a brand new board which shall be in cost till Dec. 31 2023, he touted “the expertise and confirmed abilities” of the members, who will present “a formidable contribution to our challenge.”
The brand new members embody Alessandro Varisco, former Moschino CEO and present CEO of Twin-Set; Mario Boselli, honorary chairman of Italy’s Digicam della Moda; Matteo Gatti, and Francesco Tombolini, former president of the Digicam Italiana Purchaser Moda. Giuseppe and Federico Giglio’s father Michele additionally sits on the board.
Giglio.com reaches greater than 150 nations on this planet, carrying essentially the most prestigious trend and luxurious manufacturers for girls, males and youngsters, from Giorgio Armani and Balenciaga to Fendi, Gucci, Prada and Valentino to call a number of. The location 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 just isn’t being listed.