Barberino's

“In 24, in Italy, with almost five million in revenues, more than 100,000 loyal customers, and 45 SKU distributed across 120 locations, our mission is very simple.”

“I'm not quite sure venture capital is the best capital for this business. I think slower and steady growth just funded by the EBITDA, the profit from the Italy business to expand into the US might be a better approach.”

“Early last year, we opened up our first store in New York City at Five 20 Madison Avenue. We broke even in six months. And we are now at 1.5 million revenues in less than one year.”

“And with beauty, that's rarely the right path to go. And so what you're talking about with building the business up into the tens of millions of revenue, and then getting it acquired in the hundreds of millions of revenue, I think that that is achievable. I th…”

“And by the way, we are onboarding on Nordstrom, so ideally we're going to be there in the second quarter of 25.”

“No, in Italy we raised five million euros.”

“No, what we believe is that 95% of the shareholder value we're going to generate in the next year will come from the US.”

“There's probably like a lower floor on the places this brand can show up and still command the price point and the mental position that you're meant to.”

“75% of our revenues in Italy are generated by the current customer.”

“I mean, in less than one year, I'm making more than 25% of all the revenues that I'm generating in Italy in eight years.”

“At sort of this ten million plan, it feels too much. Because I do think actually in this day and age, having other companies who have done it, you can Open these stores in a less dilutive way. So for that reason, I'm out.”

“With 1.5 million dollar revenues, We are targeting a 7.5 pre money valuation.”

“In order to get to fifty million, we believe that we need between 13 to fifteen million in funding, and we believe we can get up to four to five million in debt because of the stores.”

“As of right now, he has 900,000 committed.”

“15 locations provide us a scale that allow us to build the next five years a fifty million revenues business.”

“They invested 300,000 on the Italian company. But then I wanted to make a bold move, and I gave him 10% shares as a strategic partner, advisory shares in the U.S. Company, because I wanted him to have the skin in the game, and I thought that less than 10% woul…”

“In Italy is 80% from experiences and services and 20% of products, but we are shifting that. So starting from the U.S. Venture, so in U.S. We are now like 65, 35, and we are targeting to go 60 to 40 and then fifty-fifty.”

“No, it's a new entity owned 90% by the Italian company, 10% by strategic brand investment.”

“Already when we are in the range of 20 to twenty-five million, we are already the perfect target for luxury conglomerates, and I think the value is going to be in excess of one hundred million based on comparable transaction.”