Moncler offloads sportwear brands ahead of flota - sportstextiles: Lea SportsTextiles

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Moncler offloads sportwear brands ahead of flotation

29/11/2013
High-end skiwear brand Moncler could raise more than EUR 780 million for its upcoming initial public offering on the Italian stock exchange, according to reports.

The Italy-based company, which specialises in EUR 1,000 down-filled jackets, is part-owned by private equity firms Eurazeo and Carlyle, which decided on a flotation following the success of other luxury brands’ listings.

At the beginning of November, Moncler sold Industries Sportswear Company in its entirety, including the brands Marina Yachting, Henry Cotton's, Coast Weber & Ahaus and the licence 18CRR81 (Cerruti), to Cavaliere, a company indirectly controlled by UK-based investment firm Emerisque.

Moncler operates 100 outlets and plans to open about 20 stores a year, including in Russia, the Americas and Asia. Sales rose 35% to EUR 489 million in 2012.


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