A possible public listing of Missoni has been in the cards since the sale last year of a 41.2 percent stake to the Italian FSI fund for 70 million euros. President and creative director Angela Missoni on Thursday said during a trip to London that she was eyeing 2023 as a possible date, according to Italian daily Il Sole 24 Ore, although no details were provided about setting an IPO in motion.
In an interview with WWD in June, Missoni vice chairman Michele Norsa, who is an industrial partner of FSI, also reiterated that the IPO was a possibility for the fund to exit the investment. “There is no set date, but, not before 2023,” mused Norsa at the time. However, he also underscored a need to pace the growth of a company that last year reported sales of 150 million euros. “M&As of this kind sometimes create some unnecessary anxiety over promises and plans, while I believe it’s important to frame the point of view of the buyer and its investment. I think there should be strong harmony within the company and in the growth of the brand. There must be a growth of the product, of the structure and
In an interview with WWD in June, Missoni vice chairman Michele Norsa, who is an industrial partner of FSI, also reiterated that the IPO was a possibility for the fund to exit the investment. “There is no set date, but, not before 2023,” mused Norsa at the time. However, he also underscored a need to pace the growth of a company that last year reported sales of 150 million euros. “M&As of this kind sometimes create some unnecessary anxiety over promises and plans, while I believe it’s important to frame the point of view of the buyer and its investment. I think there should be strong harmony within the company and in the growth of the brand. There must be a growth of the product, of the structure and