Despite less-than-ideal market conditions, we heard that Victor Siasat, CEO of Trimark Group Holdings, has held exploratory discussions with financial advisors to explore a possible IPO.
Trimark’s portfolio includes popular international brands like Guess, Mango, and Terranova, along with high-end labels such as Carolina Herrera.
If the listing proceeds, it would mark the first fashion-themed IPO since the Tantoco family’s SSI Group debuted on the market over a decade ago.
Industry insiders reveal that the relatively modest IPO proceeds will be allocated to store expansion, prioritizing resilient upscale brands like Carolina Herrera and the Italian cosmetics line Kiko Milano.
With timing being critical, the group plans to wait for the domestic market to show signs of strength before strutting onto the stock exchange runway.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
