Valentino (Valentino) Will Be IPO False News Soon.

Valentino IPO? Don't count on it lately. From Milan's latest news, don't expect to buy Valentino shares. About this Italy Luxury goods Rumors that the group is ready to go public is spreading, but financial sources told the parties: "this process has not yet started." The source said, "no letters have been sent, and no contact has been made with the bank."

Reuters quoted the source as saying that Mayhoola for Investments, an investment company holding Valentino, "has invited major banks to bid for listing partners."

Reuters also expects the listing to be completed in May, but according to a reliable source from WWD, "it is impossible, unless it is science fiction magic, that the steps of listing are very long and complex. No time node has been set up, and all rumours are unreasonable.

Milan sources said they did not hear any Valentino listing. Earlier this week, Pambianco announced the annual ranking of the most likely Italy fashion companies, while Valentino wasn't even in the top five. The top five brands were Giorgio Armani, Dolce &Gabbana, Ermenegildo Zegna, Kartell and Flos.

The forecast for Valentino's future has been increasing since last September, mainly because the company CEO Stefano Sassi said the company expects to break one billion euros by the end of this year. Sassi told WWD at the time, "this will be a symbolic turning point, which will lead us to a new secret field."

At that time, he was asked whether the company would go to IPO or buy other businesses in the future. Fashion brand On the road, Sassi declined to elaborate and pointed out that Valentino did not need to inject capital, while Mayhoola for Investments was indeed interested in investing in luxury goods, but it depended on opportunities.

In October, as a response to Bloomberg's prediction that Valentino will explore the IPO report, the company said: "all shareholders and management of Valentino promise that all efforts will be invested in supporting the brand to grow into a brand with global influence."

Mayhoola, a fund company based in Qatar, also continued the statement, saying: "reaffirming that their intention to acquire Valentino in 2012 is to plan to make it a success. Luxury brand 。 To this end, Valentino's growth plan will continue to be the focus of shareholders and managers. At the same time, all means are designed to build such a strong luxury group, including the structure of the listed companies put forward by our financial advisers, but there is no conclusion at this stage.

The Rothschild Group is a consultant for Mayhoola, who declined to comment on the listing forecast, and so did Valentino.

In September, Sassi announced the first half of the group's revenue for the first time, and its turnover rose 59% to 478 million euros (530 million 600 thousand US dollars). Last year, the total turnover amounted to 664 million euros ($883 million 100 thousand). Sassi has been leading the brand to expand its retail network, and is also committed to upgrading the wholesale business and developing new markets. Creative director Maria Grazia Chiuri and Pierpaolo Piccioli have successfully carried out brand revival to achieve the growth of all categories of products.