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    Moncler shares jump on Milan debut

    euronews (in English)

    by euronews (in English)

    Monday’s most fashionable stock on the Milan market was Moncler.

    Its shares jumped more than 40 percent on their first day of trading.

    The prospect of strong revenue growth by the Italian maker of luxury winter jackets down-filled jackets had investors scrambled for them after sales rose by 35 percent last year.

    Just under a third of the company was sold by Moncler’s main shareholders raising at least 681 million euros.

    Buyers of the shares reportedly included rival luxury goods firms and sovereign wealth funds from Qatar, Singapore, Abu Dhabi and China.