MILAN — Italian quality and craftsmanship are fundamental assets for the country’s luxury goods firms, but the stock market is now viewed as a top option for growth, according to entrepreneurs including Remo Ruffini, Brunello Cucinelli and Lapo Elkann speaking at the sixth edition of the Luxury Summit here Wednesday.
“The final consumer is our majority shareholder, but going public was the natural path for us,” said Ruffini, chairman and chief executive officer of Moncler SpA, which started trading on the Italian Stock Exchange in December.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)