Moncler profits rise

by

Writer

06 April 2011

Outerwear brand Moncler SpA has filed to list on the Italian Stock Exchange, with a June start date. The brand’s initial
public offering beats out the equally anticipated one from Prada Group, which is expected to list its shares on the Hong Kong
Stock Exchange by late June.

Moncler’s filing doesn't specift how many shares it plans to list, although sources have said it was looking at fl oating up to 50 percent of the company. They estimated the float would value the group at about 1.1 billion euros, or $1.5 billion
at current exchange. In addition to the Moncler brand, the Moncler Group includes high-end sportswear labels Henry Cotton’s, Marina Yachting and Coast + Weber + Ahaus, it also holds the license for Cerruti.