Lunedì, 15 Ottobre 2018

Moleskine closes in on flotation after first OK for IPO


Milan, January 8 - Moleskine moved a step nearer to
stock-market flotation on Tuesday, when the famous Italian
notebook and diary producer was given the first green light for
an initial public offering (IPO) by the Milan bourse.
The company says its notebook is "the heir and successor"
to the sort used by artists and writers such as Vincent van
Gogh, Pablo Picasso and Ernest Hemingway.
These hardy pocket-sized notebooks, which have a tough
cardboard cover with an elastic band to kept them closed, became
scarce in the 1980s after the small French bookbinder that
traditional supplied them went out of business.
But a small Milanese publisher brought them back to life in
1997 and the firm has gone from strength to strength ever since.
The name Moleskine was coined by the English novelist and
travel writer Bruce Chatwin, who repeatedly complained when the
traditional models became hard to find and started buying up all
the notebooks he could find before his death in 1989.
The company is reportedly aiming to launch on the stock
exchange in the middle of this year.
In 2011 it generated revenues of 63 million euros, a huge
increase on the 40 million registered just two years before

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