November 2026
Largest Luxury Goods Public Companies in Italy
Benchmark revenue and EBITDA valuation multiples for public comps like
Ferrari, Prada, Brunello Cucinelli, Gens Aurea and Salvatore Ferragamo.
 | Ferrari is an Italian manufacturer of high-performance luxury sports cars, headquartered in Maranello in the province of Modena. The company traces its origins to Auto Avio Costruzioni and to Enzo Ferrari's 1947 car company, and it also runs the Scuderia Ferrari Formula One team. Its shares trade on Borsa Italiana and on the New York Stock Exchange, and it is a component of the FTSE MIB and Euro Stoxx 50 indices. Fiat acquired 50% of Ferrari in 1969, and Mubadala held a 5% stake between 2005 and 2010 before Fiat repurchased it. Ferrari separated from Fiat Chrysler after a 2015 initial public offering. The company reported 2025 EBITDA of about USD 3.1 billion. Its range includes road cars sold through a dealer network, limited series and special cars, and brand licensing. | $397 | +1% | $70B | $72B | 8.9x | 23.3x | ||
| Prada is an Italian luxury fashion group headquartered in Milan, founded in 1913, whose shares are listed in Hong Kong under the code 1913. The group owns the Prada, Miu Miu, Church's, Car Shoe and Versace brands, along with Marchesi 1824 and the Luna Rossa sailing team. Its products include ready-to-wear, bags, footwear and accessories, sold through its own stores and online. Andrea Guerra is chief executive. The group also owns Church's and Car Shoe in footwear and the Marchesi 1824 brand, and it sponsors the Luna Rossa sailing team. Its sales include more than 6 billion euros of revenue once Versace is consolidated, according to press coverage of the deal. In December 2025 it completed the acquisition of Versace from Capri Holdings for an enterprise value of EUR 1.25 billion. | $5 | -15% | $13B | $17B | 2.7x | 7.4x | ||
| Brunello Cucinelli is an Italian luxury fashion house founded in 1978 in Solomeo, Umbria, by the entrepreneur of the same name and listed on Borsa Italiana since 2012. It is known for cashmere knitwear and designs and sells men's and women's collections through a network of directly operated boutiques on every continent. The group reported net revenues of EUR 919.7 million in 2022 and EUR 1,139.5 million in 2023, and revenue growth of 12.4 percent in 2024. It has bought a minority stake in its cashmere supplier Cariaggi Lanificio, later sold part of that stake to Chanel, and acquired the tailoring firm Sartoria Eugubina in 2024. It is run by executive chairman and creative director Brunello Cucinelli. | $97 | -8% | $6.6B | $7.8B | 5.0x | 16.8x | ||
| Gens Aurea is an Italian group that buys and sells gold and precious metals, with its head office in Osnago in the province of Lecco. It operates cash-for-gold shops, jewellery retail, investment gold and buy-back services under eight brands, including OroCash, Luxury Zone, GioiaPura and Alfieri & St. John. The first OroCash shop opened in Monza in 1999, and the group later expanded into Spain and Portugal. It reported revenue above EUR 830 million and adjusted EBITDA of EUR 105.2 million in 2025, with more than 530 physical outlets in five countries. It acquired the online jeweller GioiaPura and the Austrian retailer Alphagold in 2024. The shares were listed on Euronext Milan in July 2026 at EUR 10 each, giving a market value of about EUR 1 billion, and the private equity firm DVC Partners remains its controlling shareholder. | $12 | -- | $1.3B | $1.2B | 1.3x | 10.6x | ||
| Salvatore Ferragamo is an Italian luxury fashion house headquartered in Florence and founded in 1927 by shoe designer Salvatore Ferragamo. The group designs and sells footwear, leather goods, ready-to-wear, silk and accessories directly, while fragrances, eyewear and watches are made and distributed under licence. It has been listed on Borsa Italiana since 29 June 2011 under the symbol SFER and is the parent of the Salvatore Ferragamo group. Leonardo Ferragamo is chairman. The group reported revenue of about EUR 1,035 million in 2024. It has bought out partners and suppliers over time, including the shoe-last specialist Arts in 2020 and the Greater China joint-venture minorities in 2023. | $7 | -24% | $1.2B | $1.6B | 1.5x | 13.6x | ||
| FOPE is an Italian jewellery manufacturer based in Vicenza that was founded in 1929 and makes flexible 18 carat gold jewellery entirely in Italy. Its shares trade on Euronext Growth Milan. In 2024 net revenue rose to 73.4 million euros, and in the first half of 2026 net revenue was 56.77 million euros, up 32 percent, with EBITDA of 14.81 million euros and 86 percent of sales made in overseas markets. The group sells through a network of retailers and direct subsidiaries, including a distributor in Japan and a new subsidiary in Nantes, France. It holds a 20 percent stake in Milano 1919, the owner of the Antonini high-jewellery brand, which it acquired in 2017. A planned sale of a majority stake in FOPE to Claudio Costamagna and Andrea Morante in 2020 was cancelled. | $79 | +85% | $430M | $419M | 4.0x | 19.0x | ||
| Dexelance is an Italian industrial group in high-end design, lighting and furniture, based in Milan. It was listed on Euronext Milan in May 2023 as Italian Design Brands and took the Dexelance name in 2024. The group brings together entrepreneur-led brands including Mohd, Roda, Turri, Cubo Design, Gamma Arredamenti International, Axolight, Flexalighting, Modar, Saba Italia, Davide Groppi, Cenacchi International, Meridiani and Gervasoni. Each company keeps its own identity while sharing central finance and control, management support and international distribution. The group works across furniture, lighting, kitchens and systems, luxury contract and omnichannel go-to-market. For the first half of 2025 it reported revenue of EUR 155 million and EBITDA of EUR 11 million, and its 2025 acquisitions included the 65% stake in the omnichannel retailer Mohd and the remaining 49% of Flexalighting. | $2 | -57% | $134M | $246M | 0.7x | 16.9x | ||
| Arts Optical International Holdings is a Hong Kong listed manufacturer and distributor of optical frames and sunglasses, trading under stock code 1120. The group designs, makes and sells prescription frames, sunglasses and optical lenses for customers in Europe, the United States, Asia and other regions. It describes itself as a world leader in designing, manufacturing and distributing optical frames, and holds property as part of its activities. Its Chinese subsidiaries include Arts Opti Lab (Shenzhen), which builds the group's lens division and holds the majority of Stepper & Colors Opti Technology (Jiangsu), a lens maker in Danyang. The company is incorporated in Bermuda, and its operating strategy is shifting towards lenses and higher-margin products. | $0 | -- | $29M | $63M | 0.4x | 3.9x | ||
| Gismondi 1754 is an Italian high jewelry company listed on Euronext Growth Milan since 2019. The house traces its name to the Gismondi family of Genoa and designs and makes fine and high jewelry, which it sells through its own channels and to retailers in Italy, Russia and North and Central America and the Middle East. Its collections include Essenza, Prato Fiorito, Genesi and Aura. Total revenue rose 44 percent to more than EUR 14 million in 2022 and reached about EUR 16 million by the group's own count, after tripling between 2019 and 2022. It grew by acquisition, taking the Vendorafa brand from LVMH in March 2023 and a majority of the Valenza workshop Hyperion Lab in November 2023, which added 26 staff to its more than 40 employees. | $2 | -19% | $7M | $12M | 1.0x | 8.6x | ||
| Median | $7 | -15% | $1.2B | $1.2B | 1.5x | 13.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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