MILAN — Moncler on Wednesday kicked off its roadshow, which will end on Dec.11. The company said it's floating 66,800,000 ordinary shares, representing 26.7 percent of its share capital (30.7 percent with the Greenshoe option). Moncler is offering shares ranging from 8.75 euros, or $11.87 at current exchange rates, to 10.20 euros, or $13.84. The IPO will value the company at between 2.19 billion euros and 2.55 billion euros, or between $2.97 billion and $3.46 billion. Moncler's selling partners are ECIP M., controlled by Eurazeo SA; CEP III, controlled by The Carlyle Group, and Brand Partners 2,controlled by Progressio Investimenti. Eurazeo holds 45 percent of the firm; Carlyle, 17.8 percent, and Progressio Investimenti, 4.9 percent. Chairman and creative director Remo Ruffini will maintain his 32 percent stake. On Thursday, ECIP M said it would put 36.85 percent of its shareholding interest up for sale, and that six days after the IPO it would allocate 5.08 percent of Moncler's capital to non-Eurazeo shareholders and Eurazeo Partners, leaving it with 23.3 percent of Moncler capital. Eurazeo SA — thus having sold roughly 37 percent of its Moncler shares in all — would be left holding about 19.71 percent of the fashion brand’s share capital, taking into account its investment in Eurazeo Partners.
Exclusive: @dsquared2 signs fragrance licensing agreement with Euroitalia, with the first effort of the new partnership being unveiled in September. The brand will launch two scents – one for men and one for women – in Italy. Read our interview with designer Dean and Dan Caten on WWD.com. #wwdbeauty #wwdnews (📷: @zefashioninsider)
@louisvuitton has officially renewed Nicolas Ghesquière’s contract as artistic director of women's collections. "I am very pleased to open the next chapter of the story I started with Louis Vuitton almost 5 years ago," said Ghesquière, who first signed on to design the French luxury brand's women's line in 2013. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @giovanni_giannoni_photo)
“I learned then and there that I had to figure out a way in life to maintain and preserve my sense of pride when I felt good about what I did or what I represented or created,” said @saintrecords on how being bullied for wearing capri pants inspired her to be the artist she is today. Knowles was at the 70th Parsons Benefit last night where she outbid the room for a Dapper Dan customized @gucci experience. #wwdeye (📷: @lexieblacklock)
“There’s this amazing braintrust of people who know the whole universe so well. So we talked to them and they gave us more input,” said actor Alden Ehrenreich on playing the young Han Solo in “Solo: A Star Wars Story.” The cast was at NYC’s SVA Theatre last night for an advanced screening of the film, which hits theaters this week. #wwdeye #starwars #hansolo (📷: @aurorarosedecrosta)
@asaprocky spent nearly two hours in a Plexiglas box Sunday night at @sothebys putting himself through a series of “tests” to demonstrate the process of completing his new album called “Testing.” Get all the details and see all the pictures on WWD.com. #wwdeye
“I’ve struggled my whole life to find a bathing suit that fits me that doesn’t look like a maternity bra. I’m proud of the line because it’s an accurate representation of me rather than me putting on someone else’s clothes,” says @atlantabean of her swimwear collaboration with @piaarrobio, LPA X ATL. The two decided on a swimwear collab and increased the industry standard size for the pieces. Read more about the line — and our interview with de Cadenet Taylor and Arrobio — on WWD.com #wwdfashion (📷: Dan Doperalski)
Exclusive: Cate Blanchett has been named the first global beauty ambassador for @armanibeauty. Blanchett has been the face of the brand’s Sì fragrance franchise since 2013, and is now representing all of the label’s beauty categories including makeup and skin care. #wwdbeauty (📷: @zefashioninsider)