Furla, the renowned Italian leather goods brand, has made the strategic decision to postpone its plans for an initial public offering (IPO) as it embarks on an exciting new project. This news was confirmed by the CEO of Furla, Alberto Camerlengo, in a recent interview with Affari e Finanza, the economic supplement of the respected Italian newspaper, Repubblica.
The brand, which has been experiencing remarkable growth, continues to be proudly family-owned by the Furlanetto family. The choice to delay the IPO was driven by the company’s desire to maintain its independence and fully leverage its promising potential, as explained by Camerlengo.
In a notable development, Tamburi Investment Partners (TIP), a minority stakeholder in Furla since 2016, opted to divest its shares in October, marking a shift in the ownership structure of the company. The shares were purchased by Bloom, the holding company owned by Giovanna Furlanetto, the president of Furla, and her children. As of now, the Furlanetto family holds majority ownership of over 70% of the brand, with other family members owning the remaining 30%.
Despite experiencing a slight slowdown in growth in 2018, Furla remains committed to expanding its market presence. The brand recently unveiled an exciting fragrance collaboration with Mavive and launched its third boutique in London. With a track record of achieving double-digit growth over the past six years, Furla continues to prioritize innovation and enhancement.
Looking to the future, Furla is set to announce significant investments and initiatives that will shape its trajectory. The brand intends to revamp its existing stores with a fresh design approach rather than focusing on opening new locations. Moreover, Furla is in the process of implementing a restructuring plan aimed at optimizing its distribution channels and reducing the number of retailers.
Established in 1927 in Bologna, Furla operates 490 dedicated brand stores globally, with a presence in 98 countries. In addition to its own stores, the brand collaborates with more than 1,200 multi-brand retailers to reach a broader customer base. Despite deferring its IPO plans, Furla remains steadfast in upholding its core values of quality, accessibility, and luxury within the fashion realm.
For more information on Furla and its latest developments, visit their official website here. Additionally, for insights into the luxury fashion industry, check out this informative article here.
