MILAN — An IPO remains to be within the cards for the owner of Liu Jo and Blumarine, EIH Eccellenze Italiane, because the group, which also owns a minority stake in retailer Coin, keeps evaluating market conditions.
In an interview with WWD, founder and president of the board Marco Marchi pointed to robust growth for the conglomerate, spurred by customer loyalty to the Liu Jo contemporary brand and the successful creative shift at Blumarine.
Hiring Moncler SpA alum Paola Durante as general manager for Liu Jo last June suggested a renewed interest to go public for Marchi, who had originally planned an inventory of Liu Jo in 2018, a project that the entrepreneur has said was postponed due to unfavorable market conditions.
The manager...
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