MILAN, Italy — The Italian luxury down jacket maker Moncler says investors sought more than 31 times the stock offered in its initial public offering.
Moncler, an Italian fashion house known for its down jackets, is launching an initial public offering this month in what Milan’s main stock exchange hopes will boost its plan to become an international hub for luxury goods company listings.
MILAN, Italy — Moncler, the Italian maker of $1,220 quilted polyester jackets, will sell shares in a second attempt at an initial public offering next month, raising as much as 783 million euros ($1.1 billion) for the company’s owners.
MILAN, Italy — Moncler SpA, the luxury maker of ski jackets, plans to start investor presentations Nov. 11 as it prepares to sell stock in an initial public offering in Milan, according to two people with direct knowledge of the deal.
MILAN, Italy — Loro Piana, an Italian luxury textiles maker and fashion house, is so particular about its materials that it bought its own natural reserve in the mountains of Peru to protect the vicuna, an endangered species that yields a precious wool.
MILAN, Italy — Prada SpA said it signed a licensing deal for Coty Inc. to create and distribute perfumes under the Miu Miu brand, expanding its second-largest unit in the $60 billion luxury beauty industry.
Designer Jil Sander is set to leave her namesake brand for the third time, according to the company. A replacement for Sander was not announced.
MILAN, Italy — Yoox SpA Chief Executive Officer Federico Marchetti said the online fashion retailer is looking at acquisitions to bolster its business, though it isn’t in talks currently to buy Cie. Financiere Richemont SA’s Net-a-Porter.