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Fashion

Furla prepares for IPO

By Rajiv Menon
1 min read
furla
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In this article (5)

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.

 

Questions & Answers

Q.

What is the purpose of the agreement between Furla's shareholders and Tamburi Investment Partners?

A.

The agreement is for the issue of a bond to TIP. This bond will later be converted into shares when Furla undertakes its initial public offering, facilitating the company's move towards a public share offer.

Q.

Who is Giovanna Furlanetto and what was their reaction to this development?

A.

Giovanna Furlanetto is the president of Furla. He expressed happiness with the step, viewing it as an opportunity for the company to become stronger and more competitive globally through the contribution of highly-qualified professionals.

Q.

What does Tamburi Investment Partners hope to gain from this partnership with Furla?

A.

Giovanni Tamburi, TIP's president and CEO, stated his company is proud to be linked with Furla. He believes their involvement will further accelerate Furla's already remarkable growth in sales and profitability.

Q.

Has a date been set for Furla's initial public offering?

A.

No, the article does not specify a timeline for Furla's IPO. It states that no timing has been revealed as yet for the initial public offering.

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