MILAN/PARIS, Dec 11 (Reuters) – Luxury down jacket maker
Moncler priced its stock market listing at the top of the range
on Wednesday after strong demand from investors attracted by the
brand’s global growth prospects.
Moncler said institutional investors had put in
bids worth more than 20 billion euros ($27.6 billion), or 31
times the number of shares on offer.
PARIS, Dec 6 (Reuters) – Italian luxury shoemaker Alberto
Moretti, known for his velvet slip-ons and stilettos made with
24-carat gold, has secured backing from a newly-formed private
equity firm in the latest deal involving a promising young
Investors and luxury goods firms are increasingly taking
bets on young brands as consumers become more sophisticated,
particularly in emerging markets, and appetite for ubiquitous
mega brands such as Gucci and Louis Vuitton wanes.
PARIS, Dec 5 (Reuters) – Chanel has acquired its long-time
lamb hide provider, the French tannery Bodin-Joyeux, in the
latest purchase by a luxury brand of a partner that supplies top
Chanel, which belongs to the Wertheimer family, is the
second biggest luxury brand in the world, behind Louis Vuitton
and ahead of Ralph Lauren, with nearly 6
billion euros ($8 billion)in estimated annual sales.
PARIS, Dec 5 (Reuters) – LVMH has completed its
acquisition of major Italian cashmere clothing brand Loro Piana
and named as its chairman Antoine Arnault, son of the luxury
group’s chief executive.
When the 2 billion-euro ($2.7 billion) deal was announced in
July LVMH said the business’s two former owners, Sergio and Pier
Luigi Loro Piana, would remain at its helm. On Thursday the
group said they would become vice-presidents of the company,
leaving the top spot for Arnault.
PARIS, Dec 4 (Reuters) – Kering has entered into
exclusive talks to sell mail order and online retailer La
Redoute through a management buyout (MBO), it said on Wednesday,
in a fresh attempt to offload the loss-making business.
La Redoute is the last retail business Kering needs to sell
to complete its transformation from a retailer to a group
focused on luxury and sports brands, a process begun in 2006
with the disposal of retailer Printemps.
PARIS/NEW YORK (Reuters) – Jeweller John Hardy is attracting bid interest from a string of U.S. private equity firms, sources close to the matter said, the latest potential deal in a sector outpacing the broader luxury industry thanks in part to financially independent Asian women.
U.S. buyout groups Catterton Partners and TSG Consumer Partners are among the firms interested in a jeweller which draws its inspiration from the Indonesian island of Bali and sells products including a $425 two-finger silver snake ring and a $1,495 silver-and-gold dragon ring, the sources said.
MILAN/PARIS (Reuters) – Goose down jacket maker Moncler (IPO-MON.MI: Quote, Profile, Research, Stock Buzz) is seeking to raise as much as 785 million euros ($1.06 billion) in what will be the biggest flotation in the European luxury sector since Salvatore Ferragamo more than two years ago.
The Italian company, which started life as a ski jacket maker in the French Alps in 1952, is one of most striking brand revival success stories of the luxury industry in recent years.
PARIS/MILAN, Nov 27 (Reuters) – The owners of down jacket
maker Moncler are seeking to raise as much as 785
million euros ($1.06 billion) in a public share sale, term
sheets showed on Wednesday.
Moncler, which started life as a ski jacket maker in the
French Alps in 1952, is hoping to woo investors with strong
growth prospects based on its global expansion plans and the
popularity of its brand, particularly in emerging markets.
MILAN (Reuters) – Moncler (IPO-MON.MI: Quote, Profile, Research) on Tuesday unveiled the first details of a much awaited share sale that could value the Italian skiwear maker at more than 2.5 billion euros (£2.1 billion) in what is expected to be the largest flotation in the European luxury sector this year.
The goosedown jacket maker said it had set an indicative price range of 8.75-10.2 euros ($11.9-$13.80) per share. This would value the company at 2.2 billion euros, at the bottom of the range, a source close to the initial public offering told Reuters.
MILAN, Nov 26 (Reuters) – Moncler on Tuesday
unveiled the first details of a much awaited share sale that
could value the Italian skiwear maker at more than 2.5 billion
euros ($3.4 billion) in what is expected to be the largest
flotation in the European luxury sector this year.
The goosedown jacket maker said it had set an indicative
price range of 8.75-10.2 euros ($11.9-$13.80) per share. This
would value the company at 2.2 billion euros, at the bottom of
the range, a source close to the initial public offering told