Skiwear Maker Moncler Said to Plan a November IPO

Photographer: Valentin Flauraud/Bloomberg

A pedestrian passes an advertisement in the window of a Moncler SpA store in Gstaad. Close

A pedestrian passes an advertisement in the window of a Moncler SpA store in Gstaad.

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Photographer: Valentin Flauraud/Bloomberg

A pedestrian passes an advertisement in the window of a Moncler SpA store in Gstaad.

Moncler, whose luxury ski jackets sell for more than $1,000, plans to sell shares in an initial public offering as early as November, people with knowledge of the matter said.

Moncler’s board decided this week to proceed, two years after dropping a listing in favor of a stake sale to Eurazeo (RF), said the people, who asked not to be named because the plans haven’t been disclosed. Moncler Chairman Remo Ruffini has no plans to reduce his 32 percent stake, another person said.

An IPO could raise 800 million euros ($1.06 billion) to 1 billion euros as investors sell 30 percent to 35 percent of the company, a person with knowledge of the plan told Bloomberg News in June. The size of the stake to be sold hasn’t yet been decided, one of the people said yesterday.

Listing Moncler would allow Eurazeo to reduce its 32.3 percent equity holding in Moncler. The Paris-based private-equity firm bought a stake in 2011 in a transaction that at the time valued Moncler at no less than 1.2 billion euros, the clothier said then. Carlyle Group LP holds a 17.8 percent stake.

The decision follows the success of fellow Italian luxury-goods makers like Brunello Cucinelli SpA (BC) and Salvatore Ferragamo SpA (SFER), which have both more than doubled since selling stakes to the public over the past two years.

Photographer: Simon Dawson/Bloomberg

Moncler Chairman Remo Ruffini has no plans to reduce his 32 percent stake, another person said. Close

Moncler Chairman Remo Ruffini has no plans to reduce his 32 percent stake, another person said.

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Photographer: Simon Dawson/Bloomberg

Moncler Chairman Remo Ruffini has no plans to reduce his 32 percent stake, another person said.

Moncler picked Bank of America Corp., Goldman Sachs Group Inc. and Mediobanca SpA as global coordinators and UBS AG, JPMorgan Chase & Co. and Intesa Sanpaolo SpA as joint bookrunners, three people with knowledge of the matter have said.

To contact the reporters on this story: Andrew Roberts in Paris at aroberts36@bloomberg.net; Elisa Martinuzzi in Milan at emartinuzzi@bloomberg.net; Ruth David in London at rdavid9@bloomberg.net

To contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net; Jacqueline Simmons at jackiem@bloomberg.net; Edward Evans at eevans3@bloomberg.net

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