Fiparin to Acquire Shareholding Stakes at Hugo Boss & Moncler

PRESS RELEASE | PARIS, MARCH 30 2024

Fiparin will acquire equity participation in the companies Hugo Boss AG and Moncler S.p.A., based on its current investments expansion policy in luxury brands for 2024-2026. The distinguishing features common to the selected investees’ companies are that they are leading companies in their sector with low levels of debt, almost always with a solid international market presence, high ambitions and good growth prospects.

Hugo Boss AG is a leader in the premium segment of medium-high and high-end clothing for men and women, with a diverse range of clothing, shoes and accessories.

Hugo Boss products are distributed through approximately 1,000 direct stores worldwide.

Hugo Boss continued its strong growth trend in the first half of 2023, with revenues of Euro 1.993 billion, up 21% (22% at constant exchange rates) compared to the first six months of 2022. EBIT grew 33% to Euro 186 million, compared to Euro 140 million in the same period of 2022. At 30 June 2023, the net financial position was negative at Euro 229 million, before the effects of IFRS 16.

Strong growth in results for the first half of the year resulted in an upward revision of profit forecasts for 2023.

Moncler is a world leader in the luxury clothing segment. The first half of 2023 saw a further acceleration in revenue, particularly in the second quarter, which rose by 24% ( Euro 1.1366 billion, compared to Euro 918.4 million in the first half of 2022). EBIT for the half year stood at Euro 217.8 million, compared to Euro 180.2 million for the first half of 2022. Available liquidity as at 30 June stood at Euro 470.7 million, after the payment of Euro 300.3 million in dividends. 

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