Sunday, 14 August 2011
Ducati for Sale (told you)
blog passim on the Diavel
Ducati's private equity owner, Milan-based Investindustrial (with links to Silvio Berlusconi according to our spies) has discussed a share offering with banks but given the current market turmoil won't decide whether to proceed in early 2012.
Hong Kong has become the financial centre of choice for luxury brands seeking a public listing, with fashion house Prada, cosmetics group L'Occitane, and luggage maker Samsonite all launching initial public offerings there in the past 18 months.
Investindustrial has restored Ducati to profitability since taking it over in 2008. Bikes like the Diavel and the link with Rossi must surely have been part of this plan to tap into the Asian markets and the new world order