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Cashmere maker Cucinelli eyes IPO in early May
Feb 22nd, 2012
MILAN (Reuters) - Cashmere maker Brunello Cucinelli aims to float on the Milan stock exchange by early May, in what would be the third share offering of an Italian luxury company in less than a year. The maker of 2,000-euro colorful cashmere sweaters said in an interview on Wednesday he sought a reasonable price for his initial public offering aimed at ensuring sustainable growth. "The price will be graceful, because the project is for a graceful growth," the businessman said at his showroom, where he showed a young collection of cashmere furs and sporty boots. ... (Source: Reuters) -
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