The French-listed company, which is controlled by Chinese textile conglomerate Shandong Ruyi Group, cited e-commerce as a reason for margin expansion.
Designer Ilan Chetrite discusses the Paris-based label’s global ambitions in the affordable luxury space.
“We believe in brick-and-mortar even in America,” said ceo Daniel Lalonde.
Multiple sources say Acne’s business has softened in the last six months, which has sent some private equity players running for the hills.
The parent company of Sandro, Maje and Claudie Pierlot expects profit margins to grow further in 2018.
The parent company of Sandro, Maje and Claudie Pierlot noted a strong holiday season followed by a “satisfactory” January.
The parent company of Sandro, Maje and Claudie Pierlot maintained its positive outlook despite a slowdown in growth in Europe in October.
The owner of French contemporary fashion brands plans to use funds from the listing to pay off debt and fuel international expansion.
Trading of shares in the contemporary French fashion company is slated for Oct. 24.
A sign of confidence in its own business, the company’s filing also raised questions about the staying power of accessible fashion brands over the longer term.