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ROCHE BOBOIS

Roche Bobois lists on Euronext

RBO

"This transaction comes at a key stage for us as we step up the pace of growth, particularly on international markets."

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Roche Bobois SA is a family-owned French business founded in 1960. The Group operates in 54 countries through a network of 329 stores owned outright or franchised (at 31 December 2017) featuring its two brands: Roche Bobois, for high-end furniture with a strong international presence, and mid-range Cuir Center, with an essentially French customer base. Through its Roche Bobois brand, the Group embodies French art de vivre and its presence is now felt on the world stage, with original and bold creations from talented designers such as Bruno Moinard, Jean Nouvel, Ora Ito, Sacha Lakic, Christophe Delcourt, Stephen Burks, Kenzo Takada and Bina Baitel, as well as partnerships with fashion and haute couture houses. Roche Bobois is also active in the world of culture and the arts.

"...it puts the Roche Bobois group in the spotlight, heightening our visibility and extending our reach in France and around the world, it will surely attract new talent. Our teams are working all-out to implement a bold business strategy for the years ahead and meet growth targets for both sales and profits.” 
Gilles Bonan, Chairman of the Board
Roche Bobois SA

 

ROCHE BOBOIS

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Identification

RBO
Name: ROCHE BOBOIS
Market: Euronext Paris
Capitalization compartment: Compartment B
Subsector: Furnishings
Isin code: FR0013344173
Symbol: RBO

Operation

IPO Date: 09/07/2018
Issue type: Initial Public offering
IPO Price: EUR 20.00
Price range: EUR 19.75 - EUR 24.30

Company Profile

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News

Date Title
11 Jul 2018 Family-owned Roche Bobois lists on Euronext Paris expand

Raises €19.8 million gross from the sale of existing shares1; market capitalisation approximately €198 million

Paris – 11 July 2018 – Euronext today welcomed Roche Bobois, an international pacesetter in high-end furniture and French art de vivre, to celebrate its listing on Euronext Paris.

Founded in 1960 by the Roche and Chouchan families, the group has developed two brands: Roche Bobois, a global leader in high-end home furnishings, and Cuir Center, a French specialist in mid-range sofas. Over the years it has launched a unique selection of premium furniture designs that reflect French art de vivre, developing long-term partnerships with some fifty renowned designers and architects including Jean Paul Gaultier, Marcel Wanders and Ora Ito. Today Roche Bobois  operates a network of 329 stores, 157 in France and 172 in other countries.

Roche Bobois (ticker symbol: RBO) was listed on 9 July 2018 through the admission to trading of 9,875,216  shares, including 987,521 allocated shares within the offer  and excluding the potential exercise of the over-allotment option.

The offering price was set at €20 per share. Market capitalisation on the day of listing was around €198 million.

At the listing ceremony, Roche Bobois management board chairman Gilles Bonan said: “I would like to express our warmest thanks to the institutional and retail investors that have expressed confidence in us by becoming shareholders. It is a source of pride for our small, family-owned company and for our employees, franchisees and shareholders to be opening our capital up to the public for the first time. This transaction comes at a key stage for us as we step up the pace of growth, particularly on international markets. And because it puts the Roche Bobois group in the spotlight, heightening our visibility and extending our reach in France and around the world, it will surely attract new talent. Our teams are working all-out to implement a bold business strategy for the years ahead and meet growth targets for both sales and profits.”


1 May be raised to €22.7m if the over-allotment option is exercised.

About Roche Bobois
Roche Bobois SA is a family-owned French business founded in 1960. The Group operates in 54 countries through a network of 329 stores owned outright or franchised (at 31 December 2017) featuring its two brands: Roche Bobois, for high-end furniture with a strong international presence, and mid-range Cuir Center, with an essentially French customer base. Through its Roche Bobois brand, the Group embodies French art de vivre and its presence is now felt on the world stage, with original and bold creations from talented designers such as Bruno Moinard, Jean Nouvel, Ora Ito, Sacha Lakic, Christophe Delcourt, Stephen Burks, Kenzo Takada and Bina Baitel, as well as partnerships with fashion and haute couture houses. Roche Bobois is also active in the world of culture and the arts. Including franchises, the two brands posted 2017 revenues of €480 million excluding VAT, to which Roche Bobois contributed €388 million and Cuir Center €92 million. Roche Bobois SA’s consolidated revenues came to €249 million in 2017.

11 Jul 2018 Roche Bobois expand

Roche Bobois lists on Euronext

François Roche, Founder & Gilles Bonan, Chairman of Roche Bobois opens the trading day in Paris 

Roche Bobois is one of the world leaders in high-end design furniture. The group offers sofas, armchairs, coffee tables, TV furniture, consoles, chairs, beds, etc. Net sales break down by source of revenue as follows:

  • sales of directly-operated stores (87.9%): 114 stores held at the end of 2017, including 92 under the Roche Bobois banner and 22 under the Cuir Center banner;
  • royalties of franchise fees (4.6%): 215 stores, including 159 under the Roche Bobois banner and 56 under the Cuir Center banner;
  • commissions paid by manufacturers (3.8%);
  • sales of transportation and logistics services (3.7%).