Fope — Regulatory Filings 2019

Jul 16, 2019

FOPE: A NEW FLAGSHIP STORE IN THE HEART OF LONDON

Vicenza, 16th July 2019

FOPE (FPE:IM), a leading Italian fine jewellery company listed on AIM Italia, announces the opening of a new flagship store in London. The new boutique, which will be located in Old Bond Street, at the corner of Piccadilly — the most prestigious street and cradle of luxury in London and in the world — is due to open by the end of 2019.

Diego Nardin, FOPE Chief Executive Officer: "To our great satisfaction, our boutique in London will open by the end of the year. This boutique, the second after the opening in Venice, will give new strength to the brand awareness strategy pursued by FOPE. An important and ambitious project, on which we have been working for a long time, is now being developed in the best possible way."

The new opening is consistent with the Group's strategy of commercial consolidation in the areas considered most strategic in terms of growth potential. It follows the opening of the Venice store in Piazza San Marco, carrying forward the strengthening of the distribution strategy and visibility of the FOPE brand.

The press release is available on the websites www.fopegroup.com and

FOPE (FPE:IM) is a historic Italian jewellery company established in Vicenza in 1929 and a leader in the fine jewellery market. With Euro 31 million in revenues in 2018, 37 employees, and a strong international presence (it generates 82% of its revenues abroad), FOPE pursues a strategic growth project based on expanding and consolidating the brand in the international luxury market by leveraging 4 competitive advantages: product quality, perfect combination of Made-in-Italy craftsmanship and technology, recognisable design, and long-standing customer relationships. FOPE operates globally through a well-established and select network of over 600 stores in 50 countries (with a direct presence in the US, Arab, and UK markets through the subsidiaries FOPE USA Inc., FOPE Services DMCC, and FOPE Jewellery Limited, respectively). The business model focuses on maintaining direct business relationships with multi-brand jewellery retailers (either independent or part of groups) that specialise in luxury products such as fine jewellery and watches. FOPE does not work with intermediaries: instead, it enters into direct partnerships that ensure the loyalty and reliability of the customer/retailer as well as an outstanding after-sale service. In 2015, the Company opened its first mono-brand store in Venice's Piazza San Marco. The entire production cycle - from prototyping to the shipping of finished jewels to over 50 countries - takes place inside the headquarters in Vicenza. FOPE's investments in R&D have led to an extremely high level of standardisation and automation, with proprietary technology that allows to optimise processes and times in order to deliver products of world-class quality. FOPE's jewels range from timeless classics featuring the iconic Novecento mesh to the more recent Flex'it lines, which include the original bracelets made flexible thanks to a patented system of tiny gold springs embedded in the mesh. These exquisitely elegant collections stand out for their comfort and portability. FOPE has obtained the voluntary TF (Traceability & Fashion) certification, and is a certified member of the Responsible Jewellery Council.

ISIN of FOPE common shares: IT0005203424 – ISIN of "Warrant FOPE 2016-2019": IT0005203432 – ISIN of "FOPE POC 4.5% 2016-2021": IT0005203671

Contacts

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