Moncler sheds brands ahead of IPO

Moncler, the Italy-headquartered maker of high-end down jackets acquired by Eurazeo and Carlyle, has offloaded a portfolio of brands ahead of its anticipated IPO. 

Industries Sportswear Company has been sold to Cavaliere Brands, the deal comprising the labels Marina Yachting, Henry Cotton’s, Coast Weber & Ahaus and the licence to produce Cerruti.

Following the deal, Italian entrepreneur Remo Ruffini – who bought Moncler in 2003 – as well as Carlyle and Eurazeo have set up a special purpose vehicle to acquire a 30 per cent stake in Industries Sportswear. The unit turned over €135m as of the end of 2012. 

Last month, Moncler submitted a request to list shares on Milan’s stock exchange. Best known for its ski jackets, Moncler has twice explored the possibility of going public. The company abandoned an IPO in 2011, instead selling a 45 per cent stake to Eurazeo. Moncler generated sales of €489m last year with Ebitda of €161.5m. 


To view the deal details,  or subscribe.