Furla prepares for IPO

Italian luxury goods brand Furla has taken its first steps towards a public share offer.

After extensive negotiations, the shareholders of Furla have reached an agreement with TIP – Tamburi Investment Partners – over the issue of a bond which will later be converted into shares in the company’s future IPO.

Giovanna Furlanetto, president of Furla says he is “very happy with the step that the company has taken, opening up to the contribution of highly-qualified and ethical professionals, in order to become stronger and more competitive globally to pursue the future growth its heritage deserves”.

Giovanni Tamburi, TIP president and CEO, said his company was proud to be linked with “one of the most prestigious Italian entrepreneurial excellences, a brand recognised worldwide, which has decided to undertake its IPO with us to further accelerate its already remarkable growth, both in terms of sales and of profitability”.

No timing has been revealed as yet for the IPO.