Ferragamo to follow in Prada’s footsteps

June 7, 2011

Do three listings make it a trend?

Yesterday, IR magazine noted that luxury brands Prada and Samsonsite are preparing for IPOs on the Hong Kong exchange. While it isn’t heading to Asia to do so, Italian fashion company Salvatore Ferragamo is stepping into the public markets.

Ferragamo is planning to offer 25 percent of the company, according to the Boston Globe, in an IPO on the Milan Stock Exchange later this month. The company’s value is estimated to be $3.28 bn.

Meanwhile, another fashion company, Moncler, has pulled its IPO in favor of a direct investment from Eurazeo, the French investment firm.

Source: Boston Globe, post syndicated from IR magazine

Photo: MJ/TR via Flickr


Moncler is one of 17 western European companies to yank or defer IPO

June 6, 2011

When Eurazeo offered to buy 45 percent of fashion company Moncler, it added to an existing trend on the continent this year. So far, 17 IPOs in western Europe have been canceled or pushed off, up from eight during the same period last year. Worldwide, the same thing is happening: 79 IPOs have been delayed or canceled this year, compared to 55 at this point a year ago.

Source: Bloomberg