Piquadro
Encyclopedia
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. Piquadro has received a number of patents in recognition of its technical and functional innovations.
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 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
, Shanghai
, Beijing
, and Taipei
.
In 2006, the new headquarters 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
).
In 2010, the company sells through an International distribution network which includes 82 Piquadro single branded shops, of which 48 are located in Italy.
The consolidated turnover of the Group at March 2010 was 52,2 million euros with a 1% increase compare to the previous year and a 22,1% average increase in the 6 previous years.
Source: Consob, April 14, 2010
Corporate history
The company was founded in 1987 by Marco Palmieri 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
Milan
Milan is the second-largest city in Italy and the capital city of the region of Lombardy and of the province of Milan. The city proper has a population of about 1.3 million, while its urban area, roughly coinciding with its administrative province and the bordering Province of Monza and Brianza ,...
via della Spiga
Via della Spiga
Via della Spiga is one of the Italian city of Milan's most prestigious and upscale shopping streets, forming the north-east boundary of the luxurious Quadrilatero della Moda , along with Via Monte Napoleone, Via Manzoni, Via Sant'Andrea and Corso Venezia.-Shops and boutiques:*Alan Jurno*Anna...
in 2000 and it was followed by Rome
Rome
Rome is the capital of Italy and the country's largest and most populated city and comune, with over 2.7 million residents in . The city is located in the central-western portion of the Italian Peninsula, on the Tiber River within the Lazio region of Italy.Rome's history spans two and a half...
via Frattina two year later.
In 2004, the company began an internationalization campaign including investments and the opening of new stores abroad in Moscow
Moscow
Moscow is the capital, the most populous city, and the most populous federal subject of Russia. The city is a major political, economic, cultural, scientific, religious, financial, educational, and transportation centre of Russia and the continent...
and Barcelona
Barcelona
Barcelona is the second largest city in Spain after Madrid, and the capital of Catalonia, with a population of 1,621,537 within its administrative limits on a land area of...
. In the following years, more shops were inaugurated in Salzburg
Salzburg
-Population development:In 1935, the population significantly increased when Salzburg absorbed adjacent municipalities. After World War II, numerous refugees found a new home in the city. New residential space was created for American soldiers of the postwar Occupation, and could be used for...
, Frankfurt
Frankfurt
Frankfurt am Main , commonly known simply as Frankfurt, is the largest city in the German state of Hesse and the fifth-largest city in Germany, with a 2010 population of 688,249. The urban area had an estimated population of 2,300,000 in 2010...
, Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
, until the most recent openings in the United Arab Emirates
United Arab Emirates
The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...
, Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
, Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
, and Taipei
Taipei
Taipei City is the capital of the Republic of China and the central city of the largest metropolitan area of Taiwan. Situated at the northern tip of the island, Taipei is located on the Tamsui River, and is about 25 km southwest of Keelung, its port on the Pacific Ocean...
.
In 2006, the new headquarters were inaugurated in Gaggio Montano
Gaggio Montano
Gaggio Montano is a comune in the Province of Bologna in the Italian region Emilia-Romagna, located about 45 km southwest of Bologna....
, on the road that takes from Bologna
Bologna
Bologna is the capital city of Emilia-Romagna, in the Po Valley of Northern Italy. The city lies between the Po River and the Apennine Mountains, more specifically, between the Reno River and the Savena River. Bologna is a lively and cosmopolitan Italian college city, with spectacular history,...
to Pistoia
Pistoia
Pistoia is a city and comune in the Tuscany region of Italy, the capital of a province of the same name, located about 30 km west and north of Florence and is crossed by the Ombrone Pistoiese, a tributary of the River Arno.-History:...
in Tuscany.
In October 2007, Piquadro was listed on the Italian stock exchange (Borsa Italiana
Borsa Italiana
The Borsa Italiana S.p.A., based in Milan, is Italy's main stock exchange. It was privatised in 1997 and is a part of the London Stock Exchange Group plc since 2007. In 2005, the companies listed on the Borsa were worth US$890 billion...
).
In 2010, the company sells through an International distribution network which includes 82 Piquadro single branded shops, of which 48 are located in Italy.
The consolidated turnover of the Group at March 2010 was 52,2 million euros with a 1% increase compare to the previous year and a 22,1% average increase in the 6 previous years.
Ownership structure
- Marco Palmieri — 67%
- Fil Limited — 6.9%
- MediobancaMediobancaMediobanca is an Italian investment bank founded in 1946 at the initiative of Raffaele Mattioli and Enrico Cuccia to facilitate the post-World War II reconstruction of Italian industry.Enrico Cuccia led Mediobanca from 1946 to 1982...
— 6.3% - Mercato — 19.7%
Source: Consob, April 14, 2010