Fresh speculation surrounds Giochi Preziosi IPO

New rumours of a Giochi Preziosi share sale say an IPO may happen this autumn.
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At a recent press conference in Milan, CEO Dario Berte said he expects sales to come close to €1bn in the autumn, sparking speculation that it will be the catalyst that sees the firm finally opt for floatation.

The group's earnings before interest, taxes, depreciation and amortization rose 6.1 percent to €100m in the year ended June 2009, while sales gained 12 per cent to €865m.

Berte made the comments as the firm presented the Moxie Girlz fashion doll, which it will distribute in Italy, France, Greece and Turkey through a deal with MGA Entertainment.

Giochi Preziosi’s owners include the founding Preziosi family and Italian private-equity firm Clessidra SGR, which acquired a stake in 2008.

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