Moncler IPO: Third Time Lucky
- 15 September 2013
FRENCH outerwear label Moncler is heading
for an IPO at last, as it confirmed plans to list around 25 percent
of its shares, between the end of the year and early 2014.The brand's initial public offering was first mooted in 2011 and again in June this year, but neither materialised. The skiwear brand hopes to cash in on rising sales that have doubled its value in the past two years to about €2 billion (£1.7 billion), sources close to the deal told Reuters.
Established in an Alpine town near Grenoble in 1952 by French entrepreneur René Ramillon, Moncler was sold to Italian businessman Remo Ruffini, today's president and creative director of the company.
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