Korean handbag maker weighs initial public offering

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Korean handbag maker weighs initial public offering

Luxury handbag maker MCM Holding AG is considering an initial public offering in two to three years.

MCM, founded in 1976 in Munich, Germany, and acquired by Sungjoo Group in 2005 in may also sells takes to investors who are “complementary” to the company, such as property companies, before it goes public, chairman Kim Sung-joo said in an interview Tuesday. MCM expects its sales to rise to $650 million this year from more than $500 million in 2013, Kim said.


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