Luxury menswear maker Brioni profits soar by 43% in 2006
21 Jul '07
3 min read
The company plans significant further international expansion, especially in Asia and the Middle East over the next 24 months, and is forecasting “several years of steady progress for our brand, which remains a luxury brand that is attracting more young affluent clients in North America and more of the new global elite in emerging markets.”
Mr. Perrone added that financial results, together with the recent buyout by other family members of a 17 percent equity stake held by former Brioni manager Umberto Angeloni and his wife, showed that “we remain confident in our future as an independent luxury brand, and that we are prepared to bet on that future.”
Commenting on recent press speculation that Brioni is considering opening its capital to outside investors, Mr. Perrone stated: “While we have received more than 100 approaches from potential buyers, including private equity firms, I wish to be very clear that Brioni is not for sale, we are not looking for outside shareholders, and the intention of our family members is to remain an independent and family-owned luxury brand.”
marketing@alchempro.com
