What: The Italian department store chain, sold in 2018 by the British fund BC Partners to a group of investors and former managers of the brand has appointed the founder and president of Liu Jo, Marco Marchi, as president. He succeeds Giorgio Rossi, in office since November 2018, who remains a board of directors member.

Why it is important: Marco Marchi entered the Coin group in November 2019 by taking a 15% stake through a capital increase and has since been part of the board of directors.

Marco Marchi founded the ready-to-wear brand Liu Jo with his brother Vannis. In 2019, he expanded his group with the acquisition of Blufin (Blumarine).

On the occasion of this appointment, Coin has made public its turnover for 2022, which accounts for 300 million euros with a net profit of 20 million euros and a gross operating result (Ebitda) of 18.7 million euros. The group has 37 points of sale and 102 Coincasa stores dedicated to the home.

Marco Marchi becomes Coin’s president