By continuing to use the site you agree to our Privacy & Cookies policy

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).

Have your say

You must sign in to make a comment.

Related images

Related Jobs

Sign in to see the latest jobs relevant to you!

Digital Editions

Drapers Archive

View digital editions of Drapers magazine

More

Next Generation

NextGeneration

A talent nurturing initiative for those in the early stages of their career

More