Italy Brand Missoni Meters SONY Sells For 1 Billion Euros

Missoni M. SONY earned 170 million euros in 2013, and EBITDA profit margin of 12%. It is expected to increase to 14% in 2014. Due to Italy's economic downturn in the past few years, the company's income has been flat. With expansion in 2014, it is expected to account for 4%-5% growth, which is expected to grow by 5%-6% in 2015 and 2016. Missoni, SONY, most of its revenue comes from wholesale business. The company hopes to expand its revenue share from its own stores to increase its profit margin, which is expected to increase to 30%. In addition, the company plans to expand the accessories category with higher gross margin.

If Missoni meters SONY's revenue grew by 5% in 2014, it reached 178 million 500 thousand euros. EBITDA The profit margin increased to 14%, that is, the company's EBITDA value was about 25 million euros last year, and its valuation could only reach 250 million euros (10 times EBITDA).

Behind the Missoni m SONY, the business brain and the family relations mediator. Vittorio Missoni And his wife Maurizia Castiglioni 2013 died in January with the plane on the Venezuelan sea, and in May of the same year, the death of Missoni Missoni, founder of SONY Ottavio Missoni, about the company's Sell Rumors never stopped.

In early 2014, Mayhoola for Investments, a Qatar Investment Agency, was again sold to SONY Missoni after 2012, and a week before the news spread, the company's chief executive, Alberto Piantoni, said that it wanted to maintain the 100% family holdings, neither selling shares nor listing. In addition, Valentino Fashion Group, former chairman of Valentino Matteo Marzotto, conducted a due diligence survey on Missoni m in SONY last year. The company also expressed interest in the Italy auto giant Fiat Luca's former chairman Luca di Montezemolo and son Matteo Tan's investment company.

The difficulty of selling Missoni m SONY lies in the intricate family relationship and the large number of shareholders in the family business. Vittorio Missoni, Luca Missoni and Angela Missoni have many children. One of the most familiar is Margherita Missoni, one of Angela Missoni's daughter. She not only became the brand ambassador, but also designed the accessories and swimsuit series, and was regarded as the successor of Angela Angela.

The former chief executive, Alberto Piantoni, has left after the expiry of the contract last year. The company also lost Diane Levbarg, which has long been the executive vice president of the United States, plus 3 chief financial officers in the past 7 years. A person familiar with the matter said that SONY Missoni has felt a bit disintegrating. At present, Angela Missoni takes on the responsibility of chief executive, while other family members are responsible for the work of chief financial officer.

Missoni M. SONY's current board members include Angela Missoni, Luca Missoni, their mother Rosita Missoni (honorary chairman), Luca Missoni's son Giacomo Missoni and chief financial officer, Missoni.