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Moncler Shares Close Up 47% in Market Debut

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The Italy's Moncler retail chain of stores selling designer winter jackets made its IPO on the Borsa Italiana in Milan. It was heavily oversubscribed and up 47% to euros 14.97. Moncler is named after a mountain village in Grenbole, France, and has become a global fashion brand. It has 122 stores and online retail, with revenue of 489 million euros in 2012. Ruffini bought the company in 2003 has 32% stake, Eurazeo French investment company has 45%, and Carlyle Group has the remaining stake.

Italy's designer jacket store chain Moncler

12/16/2013

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Moncler Shares Close Up 47% in Market Debut

New York Times 12/16/2013


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