News & Scoops
2012 February 3
It's an IPO for Brunello Cucinelli!
(NEW YORK) Brunello Cucinelli threw his hat into the public ring today. The cashmere king has requested a spot on the Italian Stock Exchange to sell a third of his eponymous company, with the help of MedioBanca and BofA Merrill Lynch as global coordinators. Cucinelli has been mulling over the idea of an IPO for almost nine months, and now is apparently as good a time as any to make it happen. In 2010, the premium brand saw a 27 percent turnover while net income reached over $23 million, an 83 percent increase from the previous year. Pending approval, which may take until June, Cucinelli hopes the IPO will propel his plans for expansion, namely by attracting top-notch managers and increasing visibility.
MARIA DENARDO
-
What I Bought! With Marie Claire's Kyle Anderson
Your weekly dose of the Daily's spending expert, Marie Claire accessories editor Kyle Anderson, is a tad tardy but full of Barneys wardrobe additions (oh, hey, pair #9,207,395 of black...
-
Resort 2013: Oscar de la Renta
With an expanding troupe of young designers chasing the edgier, under 30 set, it's a refreshing change to see the hip crowd tempted with something other than a slouchy tee and leather...
-
Gucci Awarded $4.7M in Copycat Trial, Guess CEO Paul Marciano Reacts
Hell hath no fury like a brand scorned. Yesterday, the U.S. district judge presiding over the Gucci versus Guess trademark trial ruled in favor of Gucci, ordering Guess and its shoe...
More News
Loading translator...
Paradise Cucinelli
Latest Twitter
Comments
blog comments powered by Disqus