Moncler, the Italian maker of $1,220 quilted polyester jackets, priced its initial public offering at the top of an indicated range after investors sought more than 31 times the amount of stock offered.
The owner of Giuseppe Zanotti, an Italian luxury shoemaker, has appointed an adviser to help it explore a possible sale of the maker of $3,250 heeled sandals and $875 sneakers, three people with knowledge of the matter said.
Moncler, the Italian maker of $1,220 quilted polyester jackets, plans to price its initial public offering at 10.20 euros a share, the top of an indicated range, according to two people familiar with the transaction.
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, named Antoine Arnault chairman of cashmere clothier Loro Piana SpA, expanding the responsibilities of billionaire Bernard Arnault’s eldest son.
Kering SA, the owner of Gucci, entered exclusive talks to sell La Redoute to management, aiming to complete the disposal of the mail-order unit in the first half of 2014 as it focuses on luxury and sporting goods.
Conforama, the world’s second-largest furniture retailer, is in exclusive talks for a strategic partnership with Mobilier Europeen to strengthen its foothold in France amid competition from Ikea Group.
Moncler’s $1,220 quilted polyester jackets have been a hit with wealthy skiers for decades. Whether the luxury clothier can prove as popular with investors this week may depend on attracting more non-Alpine customers.