All U-Power articles
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ArticleNB Renaissance takes over U-Power
NB Renaissance signed a binding agreement to buy U-Power, an Italian producer of safety footwear. No financial details were released. The investment firm will acquire all the company but Franco Uzzeni, who founded U-Power in 2006, will reinvest part of his proceeds in the footwear company and obtain a 30 ...
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News briefs
U-Power 2021 sales up by 33%
U-Power, an Italian producer of premium work shoes and apparel, posted a net profit of €35 million in 2021, up by 6 percent from a year earlier, on revenues of €230 million, up by 33 percent. The company’s footwear sales rose by 29 percent to €204.9 million, while apparel ...
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ArticleC-Suite interview: U-Power bides its times for an IPO as it continues to grow
In July 2021, U-Power pulled the plug on an initial public offering (IPO) because the Italian group, which specializes in safety footwear and workwear, was unsatisfied with market evaluations. The company is waiting for better market conditions to go public while it continues to expand in Europe. Fin Reporter, the ...
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News briefs
U-Power plans IPO by end July
U-Power Group , an Italian company specialized in workwear and safety footwear, plans to list its shares on the main market of the Milan exchange in an initial public offering expected to take place by the end of July. Shares will be sold by Fin Reporter , the investment ...
