La Perla Fashion Holding N.V.
Registered office: Schiphol Boulevard 127, G4.02, 1118 BG Schiphol, the Netherlands
April 27, 2020
Disclosure of an inside information pursuant to Article 17 MAR of the Regulation (EU) No 596/2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA.
La Perla responds to COVID-19 pandemic
Amsterdam, April 27, 2020 – La Perla Fashion Holding N.V. (the “Company” and together with its consolidated subsidiaries, the “Group”) is suspending its targets.
As a result of the accelerated global spread of COVID-19, the Group was forced to temporarily close multiple of its own retail stores or face the closure of other points-of-sale for its merchandise. In addition, the production facility in Bologna, Italy, remains closed. With these closures, the Company is helping to protect its workforce, to interrupt chains of infection and to contain the further spread of COVID-19.
These closures have a negative impact on the Group's sales and its earnings developments cannot be adequately determined or reliably quantified at this time. As a result, the Group targets of sales in excess of €130 million in 2020, a positive EBITDA in 2020 and sales of around €200 million in 2022 are suspended.
Edward Simpkins/Jenny Bahr: LaPerla-LON@finsbury.com / +44 207 251 38 01
About La Perla:
La Perla Fashion Holding N.V., a luxury fashion holding company, is the direct shareholder of La Perla Beauty (UK) Limited (“La Perla Beauty”) and La Perla Global Management (UK) Limited and its subsidiaries (the “Operating La Perla Group”). La Perla, through the Operating La Perla Group, is a leading designer, manufacturer and retailer of luxury lingerie, nightwear and swimwear. The group operates under the brand “La Perla”. Founded in 1954 in Bologna, Italy, the brand is renowned for its heritage and craftsmanship.
This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities.
This document is not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada, Japan or South Africa. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada, Japan or South Africa or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, Japan or South Africa.
This release is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). There was and will be no public offer of the securities in the United States of America.
This document is not a prospectus for the purposes of Regulation (EU) 2017/1129 and as such does not constitute an offer to sell or the solicitation of an offer to purchase shares of La Perla Fashion Holding N.V.
This release may contain forward-looking statements, i.e., statements that do not relate to historical facts or events. By their nature, forward-looking statements involve known and unknown risks and uncertainties, both general and specific. La Perla Fashion Holding N.V. bases these statements on its current plans, estimates, projections and expectations and they relate to events and are based on current assumptions that may not occur in the future. These forward-looking statements may not be indicative of future performance; the actual outcome of the financial condition and results of operations of La Perla Fashion Holding N.V. and its consolidated subsidiaries, and the development of economic conditions, may differ materially from, in particular be more negative than, those conditions expressly or implicitly assumed or described in such statements. Even if the actual results of the La Perla Fashion Holding N.V. or its consolidated subsidiaries, including the financial condition, results of operations and economic conditions, develop in line with the forward-looking statements contained in this press release, there can be no assurance that this will be the case in the future.