By  on September 5, 2013

MILAN — Harmont & Blaine SpA is the latest Italian company to eye an initial public offering, although not before the end of 2016.

The Italian fashion company is seeking a financial partner to help support and accelerate its retail expansion around the world and, to this end, it has given a mandate to the corporate advisory group of UBS. The board of the privately held Harmont & Blaine is asking shareholders to approve a capital increase to allow the Menniti family to maintain control of the company while letting in a new partner. With the help of the latter, the plan is to invest around 100 million euros, or $131.7 million at current exchange, over the next three years and reach sales of around 200 million euros, or $263.5 million, prior to an IPO at the end of 2016.

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