By and  on June 6, 2011

MILAN — Moncler SpA has decided to pull the plug on its initial public offering.

The Italian outerwear brand said it signed an agreement with Paris-based investment company Eurazeo to sell a 45 percent stake for 418 million euros, or $611.5 million at current exchange rates, and postpone a listing on the Milan Stock Exchange, which had been planned to take place by the end of June.

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