Article: MILAN STOCK STAKES REVVING UP AGAIN WITH LORO PIANA IPO.(initial public offering)(Brief Article)

MILAN -- Leapfrogging ahead of Prada in the initial public offering sweepstakes, Loro Piana is planning to offer up to a quarter of its stock to the public to expand its wholesaling and retailing activities.

According to industry sources here, the luxury apparel and textile company is planning an IPO by the end of this summer.

Reached for comment at his office here, co-chairman Sergio Loro Piana would not confirm or deny that an IPO was in the works, but told WWD: "We know that we have the right characteristics to take the company public. We're not treating [the IPO] as an objective, but as an opportunity -- an opportunity that we have always had in ...

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