MILAN — Lapo Elkann, founder of Italia Independent, is hoping to develop the brand globally and is considering either a public offering or selling a stake to a “foreign group or individual,” he revealed during an interview in his spacious office here, filled with personal memorabilia, palm trees and Fiat 500-inspired seats and tables.
“To sustain growth and international expansion, I am looking at the AIM [Alternative Market of Capital] segment of the Milan Stock Exchange, which would allow the brand to either list in Milan or in London, or to sell a part of the holding to a foreign investor. I don’t want to ever be indebted. There are good possibilities on both fronts, and I will make a decision this year,” said Elkann, who also founded the Independent Ideas creative agency, both under parent company LA Holding SpA. “I have been in contact with banks for the past year but, at this moment, they are not supporting small and medium-sized firms in the medium and long period.”
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)