Korean handbag maker weighs initial public offering

Home > Business > Industry

print dictionary print

Korean handbag maker weighs initial public offering

Luxury handbag maker MCM Holding AG is considering an initial public offering in two to three years.

MCM, founded in 1976 in Munich, Germany, and acquired by Sungjoo Group in 2005 in may also sells takes to investors who are “complementary” to the company, such as property companies, before it goes public, chairman Kim Sung-joo said in an interview Tuesday. MCM expects its sales to rise to $650 million this year from more than $500 million in 2013, Kim said.

Bloomberg

More in Industry

Contract signed for Covid-19 vaccine

Teas the season

Empty Chairs at Empty Table

Is China's post-Thaad ban on Korean games finally over?

Local fast fashion booms as Uniqlo tanks, pandemic hits

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now