Italy out to attract luxury listings to Milan

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The Independent Online

The Italian stock exchange is looking to lure luxury goods companies to list in Milan with a two-day event in association with Vogue Italia.

Borsa Italiana, which became part of London Stock Exchange Group (LSE) in 2007, will host the event which kicks off tomorrow with luxury giants Prada and Tod's in attendance.

Luca Peyrano, head of primary markets in Europe for LSE, said: "In recent years we have seen the high-profile IPOs (initial public offerings) of companies such as Cucinelli and Ferragamo, attracted to Milan by the strong ecosystem of advisers and investors.

"This event will help to reinforce and further strengthen the relationship between the financial and luxury sectors in Italy."

On Tuesday attention will turn to British luxury goods group Burberry, which will report its first-half figures, with analysts forecasting sales of more than £1bn.