(Finance) – The board of directors of coinan Italian chain of department stores, ha appointed Marco Marchi as new president. The manager, founder and President of the clothing company Liu Jowas already a member of Coin’s board of directors and succeeds Giorgio Rossi, who will keep the position of director.
The handover, which the company describes as “matured and agreed upon for some time“, takes the form of a moment in which Coin is engaged in the implementation of an important strategic investment plan and capital strengthening. The chain currently has 37 direct stores and 102 Coincasa stores in Italy and abroad.
The company, according to a note, will close the 2022 financial statements with a sales by 300 million euros, up on the 288 million euros of the previous year. positive theEBITDA, in line with that recorded in 2021, equal to 18.7 million euros. L’useful is expected to reach 20 million euros in 2022, an increase compared to 2021.
Last evening OVS extensiona clothing company listed on Euronext Milan, has announced that it has renounced the acquisition of Coin because it prefers, in this market context, to continue its deleverage action in the interest of the shareholders.