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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus