Six luxury and fashion companies to float in Milan in 2014
By FashionUnited
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Talking
While not disclosing any names, Jerusalmi said that half a dozen of luxury goods and fashion companies are currently exploring their listing in Milan. A few are looking to quote on the exchange’s AIM market for smaller firms.
"Among the companies that have decided to go public, such as Moncler, there are other fashion companies that will come in the first half of 2014, of which we cannot give notice. Might be four or five," he said, as reported by industry media.
Six private-owned and family-ran companies to list in Milan
The potential listers include family-owned and private equity-owned companies, added the Milan Stock Exchange’s premier.Jerusalmi also noted there were around 131 companies currently in the exchange’s Elite programme, many of them luxury goods makers, which means the bourse’s operator is “creating a pipeline of potential listers.”
Almost half of fashion and luxury goods IPOs in the past four years have taken place in Milan, Jerusalmi recalled, adding that “We feel we have all the potential to become the reference market for the sector, even for companies based in foreign countries.”