Traded as BIT: PQ Products Leather Goods Founded 1987 Headquarters Gaggio Montano Type of business Società per azioni | Industry Leather Goods Website www.piquadro.com Revenue 6.673 billion EUR (2015) Number of employees 542 | |
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Key people Marco Palmieri, President and CEO Profiles | ||
Piquadro history of a product
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.
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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 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.
Ownership structure
Source: Consob, April 14, 2010