MILAN — While Italy may be home to many of the world’s leading fashion and luxury goods brands, most are out of reach of stock market investors as they remain closely held by their founders or their families. An annual ranking by consulting firm Pambianco Strategie di Impresa, presented during a press conference at the Milan Stock Exchange on Monday, showed just what investors are missing out on.
In this year’s ranking of the top 50 Italian fashion and luxury goods firms that have the requisites to go public — the eighth-annual edition — the first spot goes to Giorgio Armani. The powerhouse Italian brand, with annual sales in 2012 of more than 2 billion euros, or $2.58 billion, climbed one notch from its second-place position in last year’s edition.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"