Moncler group set to float on Italian stock exchange
Premium sportswear company Moncler Group is poised to float on the Italian stock exchange, with a value of up to €1.1bn (£965.8m).
The Italian brand has filed documents to list on the stock exchange by June but did not disclose the amount of shares it plans to list.
However, reports claim the company is looking at floating up to 50% of the company, valuing it at up to €1.1bn (£965.8m).
The group, which is 48% owned by private equity firm The Carlyle Group, also reported a 47.9% increase in net profits in 2010 to €52.2m (£45.8m) for the year ended December 31. EBITDA rose by 32.4% to €102.1m (£89.6m) and operating profit rose 36.4% to €88.8m (£77.9m).