High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. Moncler, the purveyor of �1,000 down jackets, has a stock market listing in its sights. Remo Ruffini, chairman and woolrich bologna creative director of Moncler, said in an interview with the Financial Times that he and the brand��s private equity backers were looking at a winter listing of the Franco-Italian brand in Milan.
A successful listing would be second time lucky for Moncler. Private equity group Carlyle pulled a stock market listing in Milan in June 2011. Jittery about volatile markets, Carlyle instead sold 45 per cent of Moncler to French private equity group Eurazeo for �418m. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail.
Email ftsales.support@ft.com to buy additional rights. While Moncler��s private equity owners wobbled, the family behind Florentine shoemaker to the stars Salvatore Ferragamo at the same time took the plunge to list in Milan. Ferragamo��s shares have increased 140 per cent since its flotation. ��I��m very keen to go on the stock exchange. Since June 2011 we��ve been ready and we are still ready,�� said Mr Ruffini �C with a certain chagrin �C at his offices in Milan.
Moncler was founded in 1952 in Grenoble, France. Until Mr Ruffini bought it in 2003, it was best known for kitting out the French Olympic ski team and as a cult jacket worn by Italian teenagers. But Mr Ruffini, a retail entrepreneur who studied in the US, has staged a turnround of the brand, expanding it beyond skiwear for professionals and extreme sport enthusiasts to a chic go-to outerwear brand for city dwellers. In 2003, turnover was less than �50m. In 2012, revenues for the Moncler group rose 35 per cent year on year to �489m. Like-for-like sales were up 13 per cent. Based on 2012 ebitda of �161m, analysts estimate it could be worth upwards of �2bn if listed.
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