By  on March 18, 2014

MILAN — Harmont & Blaine SpA has entered into exclusive negotiations with Italian private equity firm Clessidra SGR, selecting it as a potential  partner to help support and accelerate its retail expansion around the world with the aim of going for an initial public offering in the first half of 2017.

Harmont & Blaine’s strategy mirrors that of Versace, which in February sold a 20 percent stake to Blackstone Group with the goal to fully develop the brand around the world and publicly list the Milan-based firm in three to five years. Last week, Peuterey Group said it was seeking a partner for international growth.

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