MONCLER delays IPO after sale of 45% to Eurazeo

Luxury clothing brand Moncler postponed plans for an IPO after investment company Eurazeo said it would acquire 45 percent of the company for 418 million euros. Announcing the change in plans, Moncler said in a statement: "The company and its shareholders believe that the entry of Eurazeo constitutes the best way to pursue the Moncler group’s growth strategy and development of its brands to come to the market in the near future."

Remo Ruffini, the chairman and creative director, will retain a 32 % stake in the company and U.S. private equity group Carlyle a 17.8 percent stake, Eurazeo said in its statement.


The company, which makes goose-down jackets branded Moncler and was founded in Grenoble, France in 1952, reported 2010 revenue of 429 million euros, net income of 52 million euros and EBITDA of 102 million euros.

Eurazeo has a portfolio of over 4 billion euros in assets, with major shareholdings in companies including hotel group Accor and mas market wholesaler Rexel.