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Tuesday, 24-Aug-2010 16:57 Email | Share | | Bookmark
Moncler: Italian Tradition, Performance, and Style

As I write this, I am wondering to myself how the hell I’m going to get one of these Moncler Limited Edition hooded down jacket for women white. The vaunted Moncler outerwear lines are sold mainly in Italy and Japan, and although Moncler is sold in 1500 stores world-wide, it’s not the easiest to come by. It’s a brand with tradition and time in its front pocket, possessing a unique story– it was founded in 1952 as a ‘keep you warm’ brand, and has evolved since to become a ‘make you look like a million dollars’ brand. The evolution of Moncler has endured tough financial times, court-ordered foreclosures, and a re-birth that has propelled it into an enviable position in the luxury outerwear market. Now created by world-noted designers, these jackets kept Italian climbers warm in the 1950’s, clothed the French Olympic team in the 1968 Grenoble games, and are now a symbol of performance and the utmost in slope-side style. My favorite jacket in this year’s winter line is the Plomb (pictured here). The allure for me comes from the super-warm loft, the nuanced details, and the fabric itself, which you need to see up close and in person to appreciate fully.

Tuesday, 24-Aug-2010 16:55 Email | Share | | Bookmark
Carlyle Planning Moncler IPO Next Year, Weighing Acquisitions

Jan. 19 (Bloomberg) -- The Carlyle Group, the world’s second-largest private-equity firm, is planning an initial public offering of skiwear maker Moncler Limited Edition hooded down jacket for women white next year after adding stores and boosting sales.
“We’re doing a number of things that would allow us to hold an IPO” of Moncler, Marco De Benedetti, head of Washington-based Carlyle’s private equity business in Italy, said in an interview at his Milan office. “That may be in a year or so.” Moncler “is a business that’s caught the attention of buyers, but we’re not in negotiations to sell it right now.”
Carlyle bought a 48 percent stake in Milan-based Moncler in 2008 and has helped the brand add more than 30 stores, compared with four previously. Sales probably grew 23 percent to about 370 million euros ($532 million) in 2009, the company said. Carlyle is now looking at potential investments in the fashion industry that could be merged with Moncler before a sale.
“We’re looking at potentially buying a brand we could add to Moncler, something that could be integrated” into the label, De Benedetti said. The ideal target would have sales of as much as 100 million euros, he said.
Moncler, founded in 1952 in Monastier de Clermont, France, should continue to increase sales this year, De Benedetti said.
Carlyle, founded by David Rubenstein with William Conway and Daniel D’Aniello in 1987, has about $88 billion in assets under management, second to New York-based Blackstone Group LP. Carlyle hired De Benedetti, who is the son of Italian businessman Carlo De Benedetti, to run its Italian buyout business in 2005.
Fashion Purchases
In addition to adding to Moncler, De Benedetti is considering other fashion purchases, he said.
“Fashion remains an interesting space for investors like us,” the executive said, adding that the number of opportunities is accelerating because of recent market difficulties. “Some companies have deficiencies that are now becoming more evident.”
Prada SpA and Brioni Roman Style SpA have had approaches from potential investors about buying stakes, according to people familiar with the companies’ plans. De Benedetti declined to comment on those sales.
“Passive minority investments aren’t what we’re about,” he said.
De Benedetti would also “love to do something in financial services, where there’s more to look at.” Regulatory approval for private-equity firms buying banks is harder to obtain after the financial crisis, he said.
Intesa Sanpaolo SpA plans to sell its Banca Fideuram SpA asset management unit and the lender on Dec. 22 agreed to sell its securities-servicing business to State Street Corp.


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