Finest Shoes srl
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Finest Shoes srl - overview
Location
Milan, -, Italy
Primary Industry
Consumer Products
About
Finest Shoes srl, operating under the brand Atlantic Stars, specializes in the design and manufacturing of high-quality footwear, focusing on fashionable athletic and casual sneakers for all ages. Founded in Milan, Italy, Atlantic Stars designs and manufactures stylish footwear, catering to both men and women. The company was acquired by Alcedo, which acquired a majority stake in May 2018. The current CEO is Mario Rinaldi.
Atlantic Stars specializes in high-quality sneaker designs, including popular models such as Draco, Hokuto, and Ghala. The brand emphasizes a blend of functionality and aesthetic appeal, targeting fashion-conscious consumers through direct-to-consumer sales as well as partnerships with select retailers in Europe and beyond. In the most recent financial year 2023, Atlantic Stars reported a revenue of USD 850,407. 30 and an EBITDA of USD 1,564,164.
30. Their revenue model is driven by direct sales via their e-commerce platform and strategic retail partnerships, ensuring a seamless purchasing experience for their customers. Looking ahead, Atlantic Stars plans to expand its product line with new sneaker designs aimed at enhancing their existing catalog, with targeted launches expected in 2024. The company is also set to enter new markets, specifically targeting North America and Asia for expansion by 2025.
The funding secured in May 2018 will support these growth initiatives, allowing for increased marketing efforts and production capacity to meet the anticipated demand.
Current Investors
Alcedo
Primary Industry
Consumer Products
Sub Industries
Footwear
Website
www.atlanticstars.it
Verticals
Wearables & Quantified Self
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Finest Shoes srl - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,497,756 | 5,919,817 | 10,502,866 | 13,381,838 | 12,317,943 | 9,989,282 | 5,294,080 | 4,099,966 | - | - | - |
| % Revenue Growth (YoY) | - | 137.0% | 77.4% | 27.4% | (8.0%) | (18.9%) | (47.0%) | (22.6%) | - | - | - |
| EBITDA (USD) | 128,540 | 258,304 | 1,178,885 | 2,078,173 | 1,148,300 | (172,668) | (1,627,205) | (1,316,008) | - | - | - |
| Operating Income (USD) | 79,808 | 209,624 | 1,112,038 | 1,979,776 | 998,975 | (370,462) | (1,806,158) | (1,325,019) | - | - | - |
| Operating Margin | 3.2% | 3.5% | 10.6% | 14.8% | 8.1% | (3.7%) | (34.1%) | (32.3%) | - | - | - |
| % EBITDA Margin | 5.1% | 4.4% | 11.2% | 15.5% | 9.3% | (1.7%) | (30.7%) | (32.1%) | - | - | - |
| NET Income (USD) | 20,649 | 102,772 | 713,727 | 1,356,687 | 702,963 | (506,624) | (1,944,479) | (1,486,644) | - | - | - |
| % Net Margin | 0.8% | 1.7% | 6.8% | 10.1% | 5.7% | (5.1%) | (36.7%) | (36.3%) | - | - | - |
Finest Shoes srl - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Finest Shoes srl | - |
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