×
480
Fashion Jobs
JOSEPH LTD
Full Time Menswear Supervisor (Mayfair)
Permanent · LONDON
MICHAEL KORS
Account Executive
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Flagship General Manager – Luxury Fashion – Regent st – £80k-£90k + Bonus
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Online Customer Service Manager
Permanent · HUNGERFORD
TOO FACED
Business Manager - Boots, Brent Cross
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Kings Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Notting Hill
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Showroom Sales Representative
Permanent · LONDON
TOO FACED
Business Manager - John Lewis Brent Cross
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Ltrtw & Mtm Client Service Manager – Luxury Ladieswear – Knightsbridge – £30k-£40k + Comm
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Haute Couture Client Service Manager – Luxury Ladieswear – Mayfair– £40k-£60k + Comm
Permanent · LONDON
MAJE
Sales Supervisor, Full-Time - Harrods, London
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Canary Wharf
Permanent · LONDON
HEAD OFFICE
Brand Manager
Permanent · LONDON
BETTY BARCLAY GROUP GMBH & CO KG
Retail Operations Manager
Permanent · LONDON
RETAIL PERM
Beauty Salon Manager
Permanent · LONDON
TOO FACED
Business Manager - Liverpool - New Mersey Retail pk (Speke), UK
Permanent ·
TOO FACED
Business Manager - Lisburn Sprucefield sc, UK
Permanent ·
TOO FACED
Business Manager - Stockton on Tees Teeside, UK
Permanent ·
TOO FACED
Business Manager Tamworth Ventura RP, UK
Permanent ·
Advertisements

Skiwear company Moncler takes second run at IPO

By
Reuters
Published
today Jun 23, 2013
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

MILAN, Italy - Luxury skiwear maker Moncler is set for a second attempt at a stock market listing to cash in on rising sales that have doubled its value in the past two years to about 2 billion euros ($2.6 billion), sources close to the deal said.

Moncler Gamme Bleu AW13/14 ¦ Source: PixelFormula

The deal will be worth about 750 million euros as existing shareholders sell down their stakes in an initial public offering scheduled to take place in the second half of this year, separate sources told reporters from Reuters and Thomson Reuters news and analysis service IFR.

That target for the IPO would value the company as a whole at around 12.5 times its reported 2012 core earnings of 170 million euros.

Moncler has had a growth spurt since cancelling a planned IPO two years ago which valued it at 1 billion euros.

The company originally planned to sell its stock on the Milan bourse in June 2011, but opted instead to sell a 45 percent stake to French investment group Eurazeo, sidestepping a rocky European equity market that had been thrown into turmoil by the sovereign debt crisis.

The luxury goods sector has weathered choppy equity markets better than many others, insulated by sustained demand from Asia. Moncler's own Asian sales doubled in 2012, sending revenues up 22 percent to 630 million euros.

Moncler's chairman and creative director Remo Ruffini currently holds 32 percent of the company while U.S. private equity group Carlyle has 18 percent and holding company Mittel 5 percent.

Moncler would join four other Italian luxury goods makers - Moleskine, Brunello Cucinelli, Salvatore Ferragamo and Prada - to have gone public in the past two years.

The company controls some other minor brands, but the core Moncler brand has been the main driver of growth, contributing around 70 percent to company earnings. The smaller names, including Henry Cotton's and Marina Yachting, have been spun off and may be sold separately, sources said.

Bank of America Merrill Lynch, Goldman Sachs and Mediobanca are joint global co-ordinators for the deal, while Intesa Sanpaolo unit Banca IMI, JP Morgan and UBS are joint bookrunners and Lazard is acting as independent adviser, the sources said.

The banks could not be immediately reached for comment.

© Thomson Reuters 2019 All rights reserved.