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José Auriemo Neto, JHSF CEO, Files for IPO

José Auriemo Neto is the president of JHSF. Although he is still quite young, years of working in the family business has allowed him to gain a lot of experience as well as a solid vision of the market. Since he was young, he has always displayed strong leadership qualities. This is especially evident through his participation in the International Youth Coexistence summit held in Japan.

Although he was already working as the parking administrator at JHSF, José Auriemo Neto continued to pursue Engineering at the Faculty of Engineering of Sao Paulo. Unfortunately, his passion for JHSF prevented him from completing his course. Instead, he eventually chose to follow in the steps of his father, Fabio Auriemo the then head of JHSF.

Under the administration and management of José Auriemo Neto, JHSF has evolved a lot especially in recent years. In fact, the changes in the company are the reason for the outlets segments getting consolidated all over the country. For the second time in just four years, the company is expanding. This retail company has managed to solidify its customer base which is largely made up of class A consumers (55%).

In February, 2018, the JHSF with José Auriemo Neto at its helm started to initiate a public stock offering. Within that one month, the company managed to raise an impressive R $ 1 billion. Unfortunately due to the uncertainty surrounding the electoral period in Brazil, the Brazilian stock exchange market has not been very receptive to their stock offers in recent months.

In July, 2018, JHSF interrupted its stock exchange process for the negotiation and sale of its minority interests to XP Malls in four of its assets: Shopping Cidade Jardim (Sao Paulo), Shopping Bela Vista (Salvador), Shopping Ponta Negra (Manaus) and Catarina Fashion Outlet. This was a very successful operation for JHSF. In fact, this operation was so successful that the company managed to raise an impressive R $640 million- all this under the administration of José Auriemo Neto.

The Catarina outlet is among the latest outlets to be inaugurated by the company. It was inaugurated in October 2014 and underwent its first expansion in 2015.

Learn more: http://www.catarinajhsf.com.br/jhsf