By  on November 15, 2019

MILAN – A possible public listing of Missoni has been in the cards since the sale last year of a 41.2 percent stake to the Italian FSI fund for 70 million euros. Pinpointing a specific date is premature, however, said vice chairman Michele Norsa, clarifiying with WWD a media report. President and creative director Angela Missoni on Thursday said during a trip to London that she was eyeing 2023 as a possible date for the listing, according to Italian daily Il Sole 24 Ore, although no details were provided about setting an IPO in motion.

In a phone interview from Asia on Saturday, Norsa said that FSI will “evaluate the opportunity of a listing starting from 2023. We are not working on the IPO now, it is a long procedure. Rather, we are building our organization, value and credibility, staying true to a timing we had mapped out to develop the company, which includes several store openings.” In fact, Norsa was busy with the opening of a unit in Singapore, which will be followed by a Missoni boutique in Miami at the Bal Harbour Shops and an M Missoni store at the Aventura Mall. Three stores are in the pipeline and expected to open next year in China.

To continue reading this article...