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fashion-scoops

Light Force Eyes IPO in Italy

The fashion firm could go public by 2016.

INTO THE LIGHT: Another Italian fashion company is eyeing the stock exchange. Marco De Benedetti, managing director and head of The Carlyle Group’s Italian buyout team, said Monday that Italian clothing company Light Force, which controls the Twin-Set Simona Barbieri diffusion label, could go for an initial public offering between the end of 2015 and the first half of 2016.

The Carlyle Group acquired a 70 percent majority stake in Light Force in July 2012.

Established in Capri by Tiziano Sgarbi and Simona Barbieri, who continue to manage the firm, the company closed 2013 with sales up 20 percent compared with the previous year, when Light Force posted revenues of 140 million euros, or about $185 million at average exchange.

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