×
102
Fashion Jobs
MATRIX CLOTHING PVT. LTD.
Quality Manager
Permanent · GURUGRAM
MATRIX CLOTHING PVT. LTD.
Quality Manager
Permanent · NEW DELHI
NIKE
Sap Platform Offshore Technology Capability Leader – Sec Idc
Permanent · BENGALURU
UNIVERSAL MANAGEMENT CONSULTANTS
Sampling Manager
Permanent · CHENNAI
UNIVERSAL MANAGEMENT CONSULTANTS
Operation Manager - Woven Garments Factory
Permanent · CHENNAI
NVS CONSULTANTS PVT. LTD.
General Manager - Quality (Garments)
Permanent · INDORE
NVS CONSULTANTS PVT. LTD.
General Manager - Quality (Garments)
Permanent · BHOPAL
FEELWELL GARMENTS & ACCESSORIES PVT. LTD.
Logistics Manager
Permanent · MUMBAI
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · MUMBAI
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Sales Executive - Kannur &Amp; Kasargod
Permanent · BENGALURU
LIFESTYLE BRANDS
Senior Executive - Garment Technician (ww &Amp; Kids), Pdqa
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Marketing, Peter England - Bangalore
Permanent · BENGALURU
PURPLE UNITED
Executive (E-Commerce)
Permanent · NEW DELHI
EXPRESS PLACEMENT
e Commerce Manager
Permanent · NEW DELHI
CORPORATE RESOURCES
Senior Manager - Production
Permanent · COIMBATORE
KIVE CONSULTANCY
Area Sales Manager
Permanent · KOLKATA
KIVE CONSULTANCY
Area Sales Manager
Permanent · KANPUR
KIVE CONSULTANCY
Area Sales Manager
Permanent · LUDHIANA

Trussardi denies sale rumours

Translated by
Nicola Mira
Published
Oct 30, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Trussardi is not for sale. The eponymous family, which controls the Italian ready-to-wear label via its Finos holding company, wrote in a brief press release that "there are no negotiations under way for the company's sale," thereby denying the news published by Italian newspaper MF Fashion on Thursday, according to which Trussardi might be "looking for a strategic partner."


The Italian fashion label is focusing its efforts on the eponymous main line and on the Trussardi Jeans line - Trussardi


The Milanese paper, citing bank sources, mentioned Italian investment fund Investindustrial among the potential buyers. The fund, owned by businessman Andrea Bonomi, features luxury footwear label Sergio Rossi in its brand portfolio.

"All of the Trussardi group's industrial activity is currently focused on reaching the development objectives set by its industrial plan," wrote the label in the press release.

Last year, the group reorganised its shareholding - the brand is owned by siblings Tomaso (50%) and Gaia Trussardi (25%) and by their mother Maria Luisa Gavazzeni (25%) - and launched a fiv- year plan for 2017-21, aiming to reposition the label in the accessible luxury segment and concentrating chiefly on two main lines: Trussardi, whose slogan is 'Elegantly cool', and Trussardi Jeans, the younger sportswear line.

The new strategy went hand in hand with an 80% overhaul of the group's line management, as well as an in-depth restructuring of the multi-brand sales channel, which has been made more selective. The same was done for mono-brand stores with, crucially, the closing down of the less profitable shops.
 
Trussardi therefore finds itself in the midst of a transition phase, as reflected in the results for the 2016 fiscal year. Finos closed 2016 with a revenue of €182 million, up 27% compared to 2015. Nevertheless, the company still posted losses for 2016, though they were less than those recorded for the previous fiscal year. The net loss was €7.5 million, while the  operating loss decreased to €13.6 million, compared to €25.7 million a year earlier.

Trussardi currently operates a network of 134 monobrand stores.

Copyright © 2020 FashionNetwork.com All rights reserved.