By  on October 17, 2013

PARIS — Balmain issued a statement Thursday saying it is not considering an initial public offering on any global stock exchange.The French fashion house, majority controlled by its chief executive officer Alain Hivelin, was responding to reports in several publications citing unidentified sources saying Balmain was considering listing on the Hong Kong Stock Exchange in 2015.“This anonymous rumor is not true and it has no basis in fact,” the statement said, stressing that the “house can rely on its shareholders to finance its expansion.”RELATED STORY: Balmain RTW Spring 2014 >> Balmain noted its plans include opening its first freestanding boutique in New York City in 2014.The company markets two ready-to-wear lines for women and men: the main Balmain collection, designed by Olivier Rousteing, and the Pierre Balmain line, licensed to Italy’s Ittierre SpA.

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus