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Luisa Via Roma Owners Explore Sale of Online Fashion Retailer

The owners of Italian high-end online fashion retailer Luisa Via Roma are exploring a sale of the company. (Luisa Via Roma)
The owners of Italian high-end online fashion retailer Luisa Via Roma are exploring a sale of the company. (Luisa Via Roma)
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Luisa Via Roma Owners Explore Sale of Online Fashion Retailer

The owners of Italian high-end online fashion retailer Luisa Via Roma are exploring a sale of the company. (Luisa Via Roma)
The owners of Italian high-end online fashion retailer Luisa Via Roma are exploring a sale of the company. (Luisa Via Roma)

The owners of Italian high-end online fashion retailer Luisa Via Roma are exploring a sale of the company, two people familiar with the matter said on Monday according to Reuters.

Luisa Via Roma, owned by the Panconesi family, reported revenues of 166 million euros ($194.80 million) in 2019 and a loss at the EBITDA level of 16 million euros, according to the company’s balance sheet.

The family is advised by investment bank Jefferies, the people added.

Jefferies and Luisa Via Roma declined to comment. The Panconesi family could not immediately be reached for a comment.

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Puma Reports Q3 Sales Increase on Rising Running and Soccer Shoes Demand

The logo of German sports goods firm Puma is seen on a shoe after the company's annual news conference in Herzogenaurach February 20, 2014. (Reuters)
The logo of German sports goods firm Puma is seen on a shoe after the company's annual news conference in Herzogenaurach February 20, 2014. (Reuters)
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Puma Reports Q3 Sales Increase on Rising Running and Soccer Shoes Demand

The logo of German sports goods firm Puma is seen on a shoe after the company's annual news conference in Herzogenaurach February 20, 2014. (Reuters)
The logo of German sports goods firm Puma is seen on a shoe after the company's annual news conference in Herzogenaurach February 20, 2014. (Reuters)

German sportswear maker Puma on Wednesday reported a 5% rise in currency-adjusted sales for the third quarter as it sold more running and soccer shoes.

Quarterly currency-adjusted sales rose to 2.31 billion euros ($2.48 billion), broadly stable from a year earlier but short of the 2.36 billion euros expected by analysts, according to LSEG data, as negative effects from foreign exchange rates continued to weigh on the business.

Footwear sales were up 9.3%.

Demand for the recently relaunched Formula 1-inspired "Speedcat" shoe was strong, CEO Arne Freundt said in a statement.

The company confirmed its full-year outlook for currency adjusted revenue in mid single-digit percentage, and core profit (EBIT) of between 620 million to 670 million euros, citing a strong order book for the remainder of the year.