MONCLER MOMENTUM: The industry continues to buzz with Moncler’s potential second attempt at an initial public offering, and on Wednesday, Reuters speculated that the Italian brand was aiming to float in Milan in December with a valuation of about 2 billion euros, or $2.5 billion at current exchange.
As reported in WWD last month, sources in Milan said the Italian brand has chosen a pool of banks including Bank of America Corp., Mediobanca, Banca IMI, J.P. Morgan and UBS to manage the IPO and that it is waiting for the right window. Moncler shelved its IPO in summer 2011, but chairman and chief executive officer Remo Ruffini has repeatedly said a listing remains the company’s goal — an objective confirmed in March as parent company Eurazeo identified this as the most likely exit method either at the end of this year or in early 2014.
This story first appeared in the July 11, 2013 issue of WWD. Subscribe Today.