Daily Archives: October 14, 2013

Milan’s efforts to become the global hub for luxury stock listings is gathering pace.
Raffaele Jerusalmi, chief executive of the Milan bourse, has promised that there will be another “four or five” luxury goods companies listing on the exchange in the first half of next year. Speaking to more than 130 institutional investors who had come to the exchange to meet with Italian fashion and luxury companies, Mr Jerusalmi said Milan had “all the chances to become the market of reference for luxury goods”.
After stellar listings in Milan from Salvatore Ferragamo and Brunello Cucinelli, which have increased their share values by 50 per cent in the past year, other Italian companies keen to tap international demand are following suit.