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london (reuters) – bank of america merrill lynch, jp morgan chase and kkr capital markets will be the co coordinators of the ipo (ipo), the house of paris ready to wear two pcs, sources said on friday.
pcs (sandro, maje, claudie pierlot), whose majority shareholder is the chinese shandong ruyi group, stock market debut this fall.
two different sources have said that bnp paribas has also been chosen to be a member of the syndicate.
demand, shandong ruyi, bank of america and kkr were not immediately available for comment, while jp morgan and bnp did not wish to speak.
pcs, present in the luxury segment considered accessible, sold in france clothes around 200 euros each. it aims to become a world leader in this segment through its development in asia, particularly in china, where it was placed on the development of small and medium-sized enterprises.
pcs had reported in june have nearly doubled sales 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.
the house ready to wear shows 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.
the group was at the end of 2016, more than 1200 outlets in europe, north america, the middle east and asia.
on the basis of the ratio of enterprise value to the specialist moncler ‘, the italian winter clothing, high quality, high growth group also, pcs can be used two billion euros.
pcs were announced in june to a rating in paris, said that shandong ruyi would remain the majority shareholder in the long term.
the group of ready to wear, shandong ruyi said, however, consider giving a participation of 1.9% in the capital before the end of the year.
in 2016, after at least six months of negotiations, shandong ruyi had acquired a majority shareholding in pcs with kkr to around eur 1.3 billion, including debt, according to sources.
at that time, the chinese group said that it would bring together the expertise of the french company with its own distribution network in china.
(wilfrid exbrayat and claude chendjou for service in french).
copyright & copy;, thomson reuters
Translated by forexguides.info Team