Moncler could be floated on the Milan stock exchange by the summer, said Marco De Benedetti, who is in charge of the Italian operations of the private equity firm Carlyle, in an interview with theItalian financial daily Il Sole 24 Ore. Carlyle owns 48 percent of Moncler. The other main shareholder in the highly fashionable sports apparel company is the designer Remo Fuffini, with a 38 percent stake. De Benedetti indicated that the company could be valued 10-12 times forecast gross operating profit (Ebitda) for 2011. Il Sole 24 Ore said that Moncler is believed to have booked an Ebitda of more than €100 million in 2010 on sales of €445 million, pointing to a market capitalization of more than €1 billion.

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