DAMIANI IPO PRICE SET: Italian jeweler Damiani SpA's IPO price has been set at 4 euros per share, or $5.80 at current exchange rates, on the lower end of its preliminary price range. Damiani's shares were initially valued at 3.80 euros to 5.20 euros per share, or $5.51 to $7.54. Damiani said Sunday that investor demand for its shares was about three times the size of the offer. As reported, Damiani family members are selling 26.36 million shares, or about 31.9 percent of their company. Damiani shares will debut on the Milan stock exchange Thursday. Based on the offer price, the company will have an initial market capitalization of 330.4 million euros, or $479.37 million.

CHANGES AT MARIMEKKO: Marimekko Corp., the Helsinki-based manufacturer and marketer of textiles and apparel, has said chief executive Kirsti Paakanen will step down in February after 16 years. She will be replaced by Mika Ihamuotila, who will become the company's shareholder of reference, with a 20 percent stake. The company said in a statement last week that Ihamuotila would "promptly start to prepare the future development" of the 56-year-old firm. On his agenda: international expansion with more retail outlets outside Europe. Marimekko currently operates 26 shops with only two units outside Finland, in Germany and Sweden. "It is my aim to start building Marimekko into a cult brand within clothing, interior decoration and lifestyle, as well as a company that has an international distribution network, a passionate staff, and a market value multifold from today," said Ihamuotila.

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