MILAN — Aeffe SpA kicked off its initial public offering Monday, seeking to jump-start international expansion across several of its luxury brands.
The Aeffe offer ends a dry spell of several years for fashion IPOs in Italy and may serve as an industry bellwether, gauging investors' appetites for luxury goods and fashion ahead of more potential IPOs. Several companies, including Prada SpA, Gianni Versace SpA and Salvatore Ferragamo SpA are contemplating going public. Jeweler Damiani SpA is next in line to list in Milan. It is waiting for the green light from Italian stock market regulator Consob.
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