Moncler seeks Italian IPO

Outerwear maker Moncler, known for its trendy goose down jackets, is seeking an initial public offering (IPO) on the Milan bourse, the company said yesterday. Global coordinators are Intesa Sanpaolo's Banca IMI, Morgan Stanley and Bank of America Corp's Merrill Lynch, it said in a statement. Revenues last year were €429m ($608.5m) and net income €52m, it said. Earnings before interest, tax, depreciation and amortisation were €102m. Marco De Benedetti, an executive with leading shareholder Carlyle Group, said in a February newspaper interview that a listing could take place by this summer.