INVESTCORP TO EXPAND GUCCI SECONDARY OFFERING

MILAN--Investcorp SA, the international investment group that controls the Gucci luxury goods house, has decided to increase Gucci's global share offering in response to strong demand from investors, particularly in the Far East and Europe.
Investcorp said Wednesday it will boost its secondary offering of Gucci common shares currently held by Codia Holding NV, the holding company that controls Gucci, by 8.5 million shares to 11 million shares.
As reported, the initial offering consists of 13.5 million new shares to be issued by Gucci.

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