Antichi Pellettieri, the company that owns the shoemaker Baldinini and other shoe and leathergoods firms, has received expressions of interest from private equity funds. The company and its parent company Mariella Burani Fashion Group (MBFG) said no binding offer has been made, however.

The newspaper MF said the investment fund 3i is interested in taking the company private by purchasing the stake not currently held by MBFG through the Burani family, which owns 55 percent of AP. The fund could also be interested in breaking up the company, separating its handbags business from the leathergoods and shoe activities, the daily said.

Meanwhile, Antichi Pellettieri booked a 16.6 percent increase in full-year revenues to €300.2 million, while its earnings before amortization and depreciation (EBITDA) rose by 36.7 percent to €47.8 million. Net profit jumped by 115.7 percent to €26.4 million.

Sales at Antichi Pellettieri’s directly operated stores increased by 25 percent in the first two months of the new year.

The final figures released by MBFG for the past year show an increase in consolidated revenues to €700.3 million from €672.6 million. However, because of non-recurrent items, EBITDA dropped to €109.5 million from €125.1 million, EBIT fell to €82.3 million from €92.6 million and net profits shrunk to €51.0 million from €63.3 million.