london (reuters) – bank of america merrill lynch, jp morgan chase and kkr capital markets will be the co coordinators of the introduction on the paris stock exchange the house ready to wear pcs, said two sources friday.
sandro, maje, claudie pierlot (pcs) stock market debut this fall.
two different sources said bnp paribas was selected to be a member of the syndicate.
pcs, whose majority shareholder is the chinese conglomerate, shandong ruyi, aspires to become a world leader in luxury “accessible” through its development in asia, where it was placed on the development of chinese middle class.
pcs had said in june that it had almost doubled its turnover in three years to $786 million by 2016. this year, it grew by 16.4% and 22% of sales, profitability, operating profit (ebitda) of a eur 130 million.
pcs is an increase of 24% of its sales outside france in 2016, the international accounting for 54% of total sales, particularly in the asia pacific region (45%).
pcs also relies on the rise of e-commerce, online sales have increased by 80% in 2016, reaching 10% of the total turnover.
(renata afanassieva, wilfrid exbrayat for service in french).
copyright & copy;, thomson reuters
Translated by forexguides.info Team