FLORENCE, Italy (Reuters) – Italy’s Kiton is interested in a potential market listing but sees an initial public offer (IPO) as a long-term project, the fashion group’s chief executive said on Thursday.
An IPO “is one of our plans for the future, but not something we do tomorrow morning.. it will take years”, CEO Antonio De Matteis said on the sidelines of an event in Florence.
He added that the family owned group, which reported revenues of 160 million euros ($174 million)last year, was focused on growing under its own steam.
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(Reporting by Silvia Ognibene; Writing by Elisa Anzolin; Editing by Keith Weir)