On Tuesday, Moncler got the approval from Consob, Italy’s equivalent of the Securities and Exchange Commission, to proceed with its public listing. This approval, allowing Moncler to kick off its two-week road show, follows the green light the fashion company received from the Italian Stock Exchange Friday.
This story first appeared in the November 27, 2013 issue of WWD. Subscribe Today.
Moncler’s selling partners — ECIP M, controlled by Eurazeo SA; CEP III, controlled by The Carlyle Group, and Brand Partners 2, controlled by Progressio Investimenti — set the price per share between 8.75 euros, or $11.87 at current exchange rates, and 10.20 euros, or $13.84.
Eurazeo holds 45 percent of the company, while Carlyle and Progressio Investimenti control 17.8 and 4.9 percent, respectively.
Moncler chairman and creative director Remo Ruffini will keep his 32 percent stake in the firm.