×
40 914
Fashion Jobs
ESTÉE LAUDER COMPANIES
Latam E-Commerce Project Manager/Product Owner
Permanent · New York
MICHAEL KORS RETAIL INC
Sales Supervisor, Crabtree Valley, Raleigh nc
Permanent · Raleigh
GAP
General Manager - Lenox Square (Kids & Baby)
Permanent · Atlanta
GAP
General Manager - Northbrook Court
Permanent · Northbrook
GAP
General Manager- Stonebriar Mall
Permanent · Frisco
GAP
General Manager - Roseville Galleria
Permanent · Roseville
GAP
General Manager - Central Texas Marketplace
Permanent · Waco
GAP
Merchandise Planner - Boys - Outlet
Permanent · New York
GAP
Unassigned General Manager - Greater Nashville
Permanent · Nashville
ALICE AND OLIVIA
Sales Supervisor - Cabazon Outlet
Permanent · Cabazon
TARGET CORPORATION
Owned Brand Product Design Director, Pets
Permanent · MINNEAPOLIS
LA MER
Manager, Global Supply Chain Operations - Inventory
Permanent · New York
MAC
Business Development – Key Consumer Manager, Mac
Permanent · New York
H&M
Retail Flagship Visual Manager
Permanent · Chicago
JBCSTYLE
Art Director
Permanent · NEW YORK
JBCSTYLE
Sales Operations Coordinator
Permanent · NEW YORK
ESTÉE LAUDER COMPANIES
Manager, Solution Architect- Omni Retail
Permanent · New York
TOM FORD BEAUTY
Vice President, Marketing, Tom Ford Beauty North America
Permanent · New York
ESTÉE LAUDER COMPANIES
Category Insights Manager - Supply Chain
Permanent · New York
ESTÉE LAUDER COMPANIES
Senior Account Coordinator, Estee Lauder Travel Retail – Americas
Permanent · Los Angeles
ESTÉE LAUDER COMPANIES
Manager, Product Manager
Permanent · New York
ALICE AND OLIVIA
Sales Supervisor - Town Center at Boca Raton
Permanent · Boca Raton

Italian jackets firm Moncler starts pre-marketing for share offer

By
Reuters
Published
today Nov 11, 2013
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

MILAN, Italy - Italian luxury quilted jackets maker Moncler began pre-marketing to investors on Monday an initial public share offer in Milan for around 30 percent of the company, according to outline term sheets seen by Reuters.

The exact timing for the deal has not yet been set but it normally takes about a month from the first day of pre-marketing for an IPO to debut trading on the market.

"I think there will be a lot of interest in the deal and they'll do it quickly ... based on what I have heard from investors," a Milan-based trader said.

The deal could be worth about 750 million euros ($1.00 billion), sources familiar with the plan said earlier this year, valuing Moncler, known for its black shiny goosedown jackets, at around 12.5 times its reported 2012 core earnings of 170 million euros.

Global coordinators for the deal are Goldman Sachs , Bank of America Merrill Lynch and Mediobanca .

Banca Imi, JP Morgan, Nomura and UBS are joint book-runners while BNP Paribas , Equita SIM and HSBC are lead managers.

Moncler was a dormant brand generating 45 million euros in sales when Italian businessman Remo Ruffini took control in 2003 and turned it into a trendy fashion label.

Notebook maker Moleskine is the only other company to have listed on Milan's main bourse so far this year. Moncler's could be the second IPO in December, however, after an expected offering from freight forwarding company Savino del Bene.

$1 = 0.7491 euros

© Thomson Reuters 2019 All rights reserved.