MILAN — Despite Italy’s current political instability and market volatility, iconic notebook brand Moleskine has pushed forward with its public listing, making its debut on the Milan Stock Exchange on Wednesday in what many here view as a barometer for other potential initial public offerings.
Moleskine is the first company to go public here after Brunello Cucinelli SpA in April last year. Moncler shelved its IPO in summer 2011, but chairman and chief executive officer Remo Ruffini has repeatedly said that a listing remains the company’s goal — an objective confirmed last month as parent company investment firm Eurazeo identified this as the most likely exit method either at the end of this year or in early 2014. Pianoforte Holding — which comprises fast-fashion accessories brand Carpisa, innerwear and beachwear brand Yamamay and swimwear brand Jaked — may list its shares in 2015. Men’s wear group Stefano Ricci is also eyeing a stock-market flotation down the road, as was Pomellato until rumors about Kering (formerly known as PPR) taking a stake in the Italian jewelry firm became more insistent.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)