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Yacht-maker Ferretti takes stock orders for Milan launch

LONDON (Reuters) -Italian yacht maker Ferretti, pursuing an additional listing of shares in Milan, started taking stock orders from investors on Wednesday, as the luxury sector defies a tough economic backdrop. It expects to price and allocate shares among investors by the end of the week, with a view to debuting in Milan on June 27, according to a timetable of the deal. The broader economy has suffered from inflation, the lingering impact of pandemic and the Ukraine war, and a general lack confidence in other sectors has translated into a dearth of new listings, but European luxury stocks have boomed. ....

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