MILAN — Moncler’s second attempt at an initial public offering is taking shape.
A well-placed industry source said the Italian brand has chosen a pool of banks including Bank of America Corp., Mediobanca, Banca Imi, J.P. Morgan and UBS to manage the IPO. “This is what [chairman and chief executive officer] Remo Ruffini has always wanted to do. They’ve been ready for four years,” said the source.
Another source confirmed that Moncler “is just waiting for the right window.”
Moncler shelved its IPO in summer 2011, but Ruffini has repeatedly said a listing remains the company’s goal — an objective confirmed in March as parent company Eurazeo identified this as the most likely exit method either at the end of this year or in early 2014.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)