The luxury sector seems to have reached a turning point, having weathered the crises that beset it all year and buoyed by more benign currency trends.
BoF compiles the most important professional moves of the week.
The Savigny Luxury Index fell 2.2 percent over the month, as adverse foreign exchange movements continue to weigh on the luxury sector’s growth.
MILAN, Italy — Moncler SpA, an Italian maker of $1,220 quilted polyester jackets, reported 2013 profit that beat analysts’ estimates on strong growth in the U.S. and Asia.
MILAN, Italy — Moncler SpA opened 41 percent higher than its initial public offering price in the first day of trading for the Italian luxury skiwear maker after investors sought about 27 times the amount of stock offered.
MILAN, Italy — The Italian luxury down jacket maker Moncler says investors sought more than 31 times the stock offered in its initial public offering.
Investors are moving away from bigger groups towards smaller brands and American “affordable luxury.” Meanwhile, the jury is still out as to whether the crucial trading period from Thanksgiving to Christmas will deliver strong results, but sentiment remains positive, reports Pierre Mallevays of Savigny Partners.
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.
Sales of luxury goods are slowing and, given the uncertain outlook, investors are taking profits, reports Pierre Mallevays, founder and managing partner of Savigny Partners.
MILAN, Italy — Today our contributing photographer Sonny Vandevelde files backstage imagery from the Jil Sander, Versace, Bottega Veneta, Salvatore Ferragamo, Calvin Klein, Vivienne Westwood, Prada and Moncler shows, held on days one and two of Milan men's fashion week.