Piquadro

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Piquadro
Società per azioni
Traded as BITPQ
Industry Leather Goods
Founded 1987 (1987) in Riola di Vergato, Italy
Headquarters Silla di Gaggio Montano, Italy
Key people
Marco Palmieri, President and CEO
Products Leather Goods
Revenue Increase 66,73 million (2015)
Number of employees
542[1]
Website www.piquadro.com

Piquadro is an Italian leather goods company specializing in business and travel items in Italy and internationally. The company offers products ranging from men's and women's professional bags to luggage and small leather items. As of April 2010, it distributed its products through approximately 1500 points of sale.[2] Piquadro has received a number of patents in recognition of its technical and functional innovations.[3]

Corporate history[edit]

The company was founded in 1987 by Marco Palmieri[4] and in its first ten years it subcontracted for leading Italian luxury leather goods brands, developing innovative and exclusive solutions and technologies.

In 1998, the Piquadro brand was launched its name meaning P squared with the P standing for both, Palmieri (the founder) and pelletterie (leather goods). The first Piquadro single branded store was opened in Milan via della Spiga in 2000[5] and it was followed by Rome via Frattina two year later.

In 2004, the company began an internationalization campaign including investments and the opening of new stores abroad in Moscow and Barcelona. In the following years, more shops were inaugurated in Salzburg, Frankfurt, Hong Kong, until the most recent openings in the United Arab Emirates,[6] Shanghai, Beijing, and Taipei.

In 2006, the new headquarters[7] were inaugurated in Gaggio Montano, on the road that takes from Bologna to Pistoia in Tuscany.

In October 2007, Piquadro was listed on the Italian stock exchange (Borsa Italiana).[8] In 2010, the company sells through an International distribution network which includes 82 Piquadro single branded shops, of which 48 are located in Italy.[9]

The consolidated turnover of the Group at March 2010 was 52,2 million euros[10] with a 1% increase compare to the previous year and a 22,1% average increase in the 6 previous years.[11]

Ownership structure[edit]

  • Marco Palmieri — 67%
  • Fil Limited — 6.9%
  • Mediobanca — 6.3%
  • Mercato — 19.7%

Source: Consob, April 14, 2010[12]

Notes[edit]

External links[edit]