Ready-to-wear label Liu Jo envisages stock market listing in two years

By

Marion Deslandes

Translated by
Nicola Mira

Published
Dec 13, 2017

Owner of Italian ready-to-wear label Liu Jo, Marco Marchi, told Reuters that the company, which first considered a flotation in 2015, is now planning to be listed on the Milan stock exchange within 18-24 months.

Liu Jo has already been in touch with specialised agencies and consultants, but they have not been officially named yet. Earlier in the year, in March, Liu Jo carried out a financial and managerial reorganisation, as Marco Marchi acquired a majority stake in the company from his brother Vannis Marchi, who kept a 10% interest in Liu Jo. The company is also looking to buy its licensees for menswear, for jewellery and watches.

The Italian label, one of whose new brand ambassadors is Julia Restoin Roitfeld, posted a revenue of €305 million in the 2016 fiscal year, with exports accounting for 38% of the total. According to Reuters, the company, which was founded in 1995, expects to top the €400 million mark in 2018.

Liu Jo is distributed via 330 monobrand stores and 3,500 multibrand retailers in 35 countries.