Revenue growth for ‘heavily-courted’ Furla

21/03/2019
Italian leathergoods brand Furla has no plans to accept any takeover bids and would prefer to continue as a family-run business, according to its chairwoman and leading shareholder.

Giovanna Furlanetto and her two brothers inherited the majority stake in the group from their father. Furla is run by an external management team.

Discussing the potential for a sale, Mr Furlanetto said: “We are heavily courted and that is undoubtedly gratifying: they are important names, they offered us a lot of money. But right now, the idea is to carry on as it is.”

Her statement came after Furla announced revenue of €513 million for 2018, an increase of 5.2% at constant exchange rates compared to the previous year. The brand has doubled its revenue in the last four years. 

Another option for the Furlanetto family is to list the company on the domestic share market. On this point, its chairwoman said: “Our target is a healthy organic growth. Listing the company is an option, but there is certainly no urgency.”