Moncler eyes IPO for the second time

By Rizza Sta. Ana

Sep 23, 2013 10:15 AM EDT

Italian entrepreneur Remo Ruffini of the French-Italian clothing company Moncler disclosed in an interview with a news agency that the company would be planning an initial public offering later this year. Moncler's chairman and creative director said at his offices in Milan, "I'm very keen to go on the stock exchange. Since June 2011 we've been ready and we are still ready."

This would be Moncler's second time to get lucky with listing. In 2011, Private equity group Carlyle sold its 45% stake in Moncler to Eurazeo, a French private equity group, for EUR418 million. Ruffini also saw retailer Salvatore Ferragamo's recent IPO listing as a sign for Moncler. "The IPO helped them a lot. Listing is part of the maturity of a company. That's why the stock market is good for Moncler," he said.

Moncler's outlook ever since Ruffini took it under his wing rose from being a known French Olympic ski team clothing supplier and producer of the cult jacket favored by teens in Italy. It has expanded its reach to urban dwellers as a chic, go-to outerwear brand. Moncler recorded 35% increase in year-per-year revenues since 2003. In 2012, it had earned EUR489 million in revenues. According to news site Financial Times calculation based on Moncler's EBITDA or earnings before interests, taxes, depreciation and amortization, the French-Italian clothing company would be slated to raise over EUR2 billion should they  be listed.  

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