MILAN — Moncler confirmed plans to go public on the Milan bourse by the spring-summer of 2011 and has appointed Merrill Lynch and Morgan Stanley as its global advisors.
This story first appeared in the June 14, 2010 issue of WWD. Subscribe Today.
According to a spokesman for Carlyle Group, which acquired a 48 percent stake in Moncler in mid-2008, the timing isn’t set in stone but is subject to market conditions. The operation would value the company at between 600 to 800 million euros, or $727 million to $969 million at current exchange.
Most recently Moncler lured fashion veteran Alberto Lavia from Façonnable to become its chief executive officer with the aim of further strengthening its managerial structure. He will also be in charge of other Moncler brands such as Marina Yachting, 18CRR81 and Coast + Weber + Ahaus. Last year Moncler posted sales of 220 million euros, or $305.8 million at average exchange.
Moncler, whose puffer jacket-focused collections registered an 85 percent sell-out even during the economic downturn, will open its first New York flagship in July.