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NO FLOAT: Contrary to media reports in Milan, Furla is not seeking an initial public offering on the Hong Kong Stock Exchange. “We don’t rule out anything beforehand but today a listing on the Bourse is not a goal for the company. That said, what surely interests us the most is not to think of a listing but to get organized, be prepared, set up the processes, dimensions and a company model fit for the Bourse,” Eraldo Poletto, chief executive officer of the Italian accessories firm, told WWD.
The Bologna, Italy-based company closed 2012 with total sales of 212 million euros, or $271.3 million at average exchange. The Asia-Pacific area accounts for 13 percent of Furla sales.
Furla chairman Giovanna Furlanetto reiterated earlier this year that there were no plans to publicly list the company.