Hear Gucci preparing stock market listing. (could possibly take 30% to 40% of company public)(Brief Article)

MILAN--The Florence-based Gucci fashion and luxury goods group has given a mandate to two investment banks, Credit Suisse First Boston (CSFB) and its long-time advisor Morgan Stanley, to prepare a stock market listing, possibly by the end of the year, according to financial sources.

Although Gucci officials declined to comment on the report "for the moment," sources said the move was a logical step for the company after Bahrain-based investment bank Investcorp bought out the late Maurizio Gucci's 50 percent stake in 1993, following a bitter struggle for control.

At that time, the company was on the verge of bankruptcy, but Investcorp has since put the firm back on steady footing, repositioning the Gucci name in the high end of the luxury goods market, a...

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