Stefanel touts Nuance flotation within a year

Gavin Lipsith

The 50% owner of The Nuance Group has indicated that the retailer could be the subject of an initial public offer as early as next year

Stefanel CEO Guiseppe Stefanel has told journalists that The Nuance Group, of which it owns 50%, could be floated on the stock market within a year. The announcement was made as Stefanel declared that Nuance was finally “in its grip” after five years, and the investment was finally paying off.

“An initial public offering for Nuance could be next year,” said Stefanel, speaking at a presentation marking a clothing agreement with Kenzo artistic director Antonio Marras.

Nuance’s other 50% owner, Gruppo Pam, has given no indication that an IPO would be considered.