MILAN — Brunello Cucinelli SpA is expected to launch its initial public offering on May 3, according to sources here.
The Italian luxury fashion house plans to kick off its road show on April 16 and end April 27, when the share price will be determined. The company is valued at about 500 million euros, or $650 million at current exchange, after a capital increase. Sources say the namesake entrepreneur plans to float about two thirds of the company, known for its cashmere. Bank of America Merrill Lynch and Mediobanca are global coordinators and joint book runners.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)