Carlo Rino, a contemporary brand renowned for trendy leather goods and footwear, is set to make its Main Market debut on Bursa Malaysia, offering investors a 17.58% stake and raising RM46.4 million.
Having established a strong presence since its inception in 1986, Carlo Rino has evolved from a Singapore-based label to a globally recognized brand with a vibrant presence in Malaysia, Hong Kong, China, Japan, and beyond.
Funds Allocation:
- Working Capital (50%+): Boosting inventory and marketing efforts to expand reach and customer base.
- Flagship Expansion (33%): Construction and fit-out of a new flagship boutique to elevate customer experience and brand visibility.
- Refurbishment & IT Upgrades: Modernizing departmental store boutiques and enhancing IT infrastructure for seamless operations.
- Listing Expenses: Covering administrative costs related to the IPO.
Why Carlo Rino?
- Fashion-Forward Legacy: Over 35 years of crafting handbags, wallets, footwear, and accessories tailored to young, cosmopolitan lifestyles.
- Global Reach: An established footprint in vibrant markets such as Saudi Arabia, Vietnam, and Japan, with plans for further expansion.
- Customer-Centric Approach: Prioritizing shopping comfort, variety, and functionality for modern, vibrant lifestyles.
- Growth Potential: Leveraging IPO proceeds for strategic expansions and operational enhancements.
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