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Moncler: stock market valuation of Italian luxury brand seems a bit …

Moncler chairman Remo Ruffini after presenting the initial public offering for the company’s listing on Milan’s stock exchange, 2 December Photograph: Antonio Calanni/APSome people may regard €1,000-plus for a goosedown ski jacket as good value, but it’s quite another thing to think a company that last year made top-line earnings of €161m can be worth €3.6bn.Yet Moncler, an Italian […]