MILAN — This year, Stone Island is taking Valentino’s top spot as the company with the most potential to publicly list, according to Milan-based consultancy Pambianco Strategie di Impresa.
Sportswear Company SpA, which owns Stone Island, jumped two positions in the 14th edition of Pambianco’s 2019 ranking of the “listable” companies in the fashion sector, followed by Golden Goose and Valentino.
Stone Island was founded in 1982 by Massimo Osti and is now controlled by chairman and creative director Carlo Rivetti. In 2017, Singapore-based fund Temasek bought a 30 percent stake in the sportswear company, which last year reported sales of 191 million euros, climbing 76.8 percent from 108 million euros in 2016 and an earnings before interest, taxes, depreciation and amortization margin of 29.8 percent.
The study analyzes the companies that have the economic financial and positioning characteristics to be listed in a range of three to five years, regardless of whether a listing is in the plans of the firm. To wit, Rivetti has never pointed to an initial public offering for Stone Island. David Pambianco, chief executive officer of Pambianco Strategie di Impresa, said being part of the list means certifying the companies’ “ability to produce value.”
As reported earlier this
Sportswear Company SpA, which owns Stone Island, jumped two positions in the 14th edition of Pambianco’s 2019 ranking of the “listable” companies in the fashion sector, followed by Golden Goose and Valentino.
Stone Island was founded in 1982 by Massimo Osti and is now controlled by chairman and creative director Carlo Rivetti. In 2017, Singapore-based fund Temasek bought a 30 percent stake in the sportswear company, which last year reported sales of 191 million euros, climbing 76.8 percent from 108 million euros in 2016 and an earnings before interest, taxes, depreciation and amortization margin of 29.8 percent.
The study analyzes the companies that have the economic financial and positioning characteristics to be listed in a range of three to five years, regardless of whether a listing is in the plans of the firm. To wit, Rivetti has never pointed to an initial public offering for Stone Island. David Pambianco, chief executive officer of Pambianco Strategie di Impresa, said being part of the list means certifying the companies’ “ability to produce value.”
As reported earlier this