Italian luxury yacht maker, The Italian Sea Group, has received financial backing from fashion icon Giorgio Armani and pharmaceutical entrepreneur Marc Coucke as it prepares for its initial public offering (IPO) on the Milan stock exchange. In a statement, The Italian Sea Group confirmed that Giorgio Armani SpA and Marc Coucke’s investment company, Alychlo NV, will both invest in the IPO. While the exact amount of their investments remains undisclosed, it is estimated that Armani and Coucke will eventually hold a combined stake of 15% in the company.

During the IPO, The Italian Sea Group will offer newly issued shares worth around 50 million euros, along with existing shares that will be sold by GC Holding SpA, controlled by CEO and founder Giovanni Costantino. Despite the IPO, GC Holding will retain its position as the majority shareholder in the luxury yacht manufacturer.

The funds raised from the IPO will be allocated towards several areas of investment, including the construction of yachts up to 100 meters in length, forming partnerships with luxury brands, and expanding production capacity through the acquisition of European shipyards. This strategic investment aims to strengthen The Italian Sea Group’s positioning as a leader in the luxury yacht market.

Marc Coucke, renowned for his creation and subsequent sale of the over-the-counter medicines group Omega Pharma, has since focused on strategic investments in healthcare companies, particularly those centered on cancer treatment. Coucke’s involvement in The Italian Sea Group highlights the company’s potential for growth and innovation within the luxury sector.

The backing of Giorgio Armani, a figurehead in the fashion industry, adds prestige and credibility to The Italian Sea Group. With Armani’s support, the company is well-equipped to attract high-profile clientele who value both luxury and style.

By deciding to go public, The Italian Sea Group marks a significant milestone in its journey, setting the stage for continued expansion and development in the global luxury yacht market. With the financial support and investments from both Giorgio Armani and Marc Coucke, the company is poised to reach new levels of success and solidify its position as a leading provider of luxury yachts.

Useful links:
1. The Italian Sea Group
2. Giorgio Armani