Just last week, we reported that Italian outerwear brand Moncler was looking to raise their public share sale. Well, just when we thought that things couldn’t get any better for the brand they did!
According to Reuters, several investors are lining up for shares in one of Europe’s biggest luxury goods IPOs. The brand also announced that it will be expanding its product offering and while keeping the down jacket as the foundation of the business.
According to president and shareholder Remo Ruffini, the brand is looking to develop further into knitwear and accessories, while keeping “duvet” jackets – which bring in around 85 percent of its revenue – as the company’s centerpiece.
At FashInvest, we are watching this transaction very closely and will keep you updated on the latest developments!