MILAN — Moncler is stepping up plans for its initial public offering on the Milan bourse and, depending on market conditions, could list by June, according to sources.
Meanwhile, the Italian outerwear brand is bolstering its retail presence. Sources confirmed Moncler is slated to open a Chicago store in November, followed by one in Munich later this year. Stores in Berlin, Vienna, Shanghai and two in Beijing are set to open next year. The wave of retail expansion follows the inauguration of the brand’s first store in New York in July, its largest at 3,000 square feet, along with openings in Lugano, Switzerland, and Salzburg, Austria.
On Monday, sources denied rumors that Moncler is on the hunt for acquisitions. Although the brand is said to be looking at market possibilities, no deals are said to be in the pipeline.
As reported in WWD in June, a public offering would value the company at between 600 to 800 million euros, or $838 million to $1.12 billion at current exchange.
Private equity firm The Carlyle Group owns a 48 percent stake in Moncler.