Skadden, Shearman and NCTM line up on latest Italian fashion IPO
A trio of law firms have won roles on the latest listing of an Italian fashion brand as luxury brand Brunello Cucinelli gears up to launch a Milan initial public offering (IPO). Skadden Arps Slate Meagher & Flom, Shearman & Sterling and NCTM are all advising on the proposed listing of the cashmere clothing fashion brand, which comes after Italian brands Salvatore Ferragamo and Prada concluded listings last year in Italy and Hong Kong respectively.
February 19, 2012 at 07:03 PM
2 minute read
A trio of law firms have won roles on the latest listing of an Italian fashion brand as luxury brand Brunello Cucinelli gears up to launch a Milan initial public offering (IPO).
Skadden Arps Slate Meagher & Flom, Shearman & Sterling and NCTM are all advising on the proposed listing of the cashmere clothing fashion brand, which comes after Italian brands Salvatore Ferragamo and Prada concluded listings last year in Italy and Hong Kong respectively.
The brand's founder Brunello Cucinelli filed a request earlier this month to list a third of the company's total stock on the Borsa Italiana, Italy's central stock exchange in Milan. A value for the listing has not been disclosed, although the company recorded total sales of around €246m (£206m) in 2011.
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