Giglio.Com — M&A Activity 2019

Nov 5, 2019

Informazione Regolamentata n. 20076-67-2019		Data/Ora Ricezione 05 Novembre 2019 07:10:34	MTA
Societa'	:	Giglio Group S.p.A.
Identificativo Informazione Regolamentata	:	124233
Nome utilizzatore	:	GIGLION01 - Schranz
Tipologia	:	REGEM
Data/Ora Ricezione	:	05 Novembre 2019 07:10:34
Data/Ora Inizio Diffusione presunta	:	05 Novembre 2019 07:10:35
Oggetto	:	PARTNERSHIP AGREEMENT WITH HSE24 S.P.A.	GIGLIO GROUP SIGNED AN IMPORTANT
Testo del comunicato

Vedi allegato.

PRESS RELEASE

GIGLIO GROUP SIGNED AN IMPORTANT PARTNERSHIP AGREEMENT WITH HSE24 S.P.A. FOR THE CREATION AND MANAGEMENT OF HS24'S E-COMMERCE, FOR THE PROVISION OF BRANDS' CLOTHING PRODUCTS AND ACCESSORIES, AS WELL AS FOR THE EXCLUSIVE PROVISION OF PRODUCTS OF HSE24'S "PRIVATE LABEL" CLOTHING COLLECTION

Milan, 05 November 2019. Giglio Group S.p.A., (Ticker GGTV) ("Giglio Group" or the "Company") - first ecommerce 4.0 company listed on the STAR market - is glad to announce its new partnership agreement with HSE24 S.P.A., the owner of the namesake TV channel broadcasted on LCN 37 of the digital terrestrial with a programming dedicated entirely to shopping, as well as the e-commerce website at www.hse24.it.

With this agreement, Giglio Group will become the exclusive provider of HSE24's e-store, and will manage and create in complete outsourcing of the e-commerce platform, as well as its subsequent connection with the world's main marketplaces. Giglio Group will be managing the totality of HSE24's digital sales, which generated about € 20 million worth of sales.

Moreover, Giglio Group will become the provider of famous brands' clothing products and accessories, which will be distributed by HSE24 in the weekly programme called the "Boutique delle Firme" (the Brands' Boutique).

Lastly, given its experience in the Luxury and Fashion sector, Giglio Group will be providing clothing products and accessories for the "Private Label" clothing collections, which will be created exclusively for HSE24. It is noted that in 2018, HSE24's Private Label sector alone recorded revenues of more than € 11 million¹ .

Alessandro Giglio, CEO of Giglio Group, declared: "Our agreement with HSE24 is paramount both for quantitative and qualitative reasons. It is a very complex agreement that turns Giglio Group in the exclusive provider and manager of the channel's whole e-commerce platform, as well as in the provider of significant volumes of clothing products and accessories too. This entails a great commitment for our company, not only due to the business volume (which in 2018 reached about € 20 million for the e-commerce sector and € 11 million for the Private Label one), but mainly due to the complexity of providing distributional support for all of HSE24's products digitally, fully and on the world's most important marketplaces. We are glad to have gotten a chance to face this new adventure in the best possible way.

Considering the recent transfer of Terashop, a company which has gained extensive experience in its many years of past and ongoing collaboration with Mediashopping, we believe that these skills, together with our know-how in the clothing sector and in the marketplaces, can make for a unique and irreplaceable offer for HSE24. We expect this agreement not only to increase our turnover, but also HSE24's and, more importantly, to contribute to the increase of the e-commerce's incidence on the new client's sales total. We are sure that our contribution will help HSE24 to increase its focus on the digital market".

¹ Data elaborated by HSE24 S.P.A., on Draft Budget 2018, data subjected to full audit by E.Y.

Information on Giglio Group:

Founded by Alessandro Giglio in 2003 and listed on the STAR segment of Borsa Italiana ever since 2018, Giglio Group is the leading company for the design, creation and management of high value-added e-commerce platforms in Italy for Fashion, Design, Lifestyle and, more recently, Food sectors. The Company is based in Milan, but it is also present with offices in New York, Shanghai, Hong Kong, Rome, Lugano and Genoa.

Thanks to its remarkable expertise, Giglio Group accompanies its customers in the online distribution of their products through a unique platform, starting from the implementation of fully tailor-made and managed monobrand e-store. Moreover, the Company integrates its business with the dedicated placement on main marketplaces worldwide, ensuring the online management of both new and off-season collections. The uniqueness of a "complete-supplychain" online service thus ensures a 100% sell-through rate.

For further information:

Investor Relations:

ir@giglio.org (+39)0283974207

Press Office Close to Media Tel.+39 02 7000 6237 Nicola Guglielmi – nicola.guglielmi@closetomedia.it

Cecilia Isella – cecilia.isella@closetomedia.it