Cashmere clothing specialist Brunello Cucinelli plans to list on the Milan Stock Exchange next year, Chairman and Chief Executive Brunello Cucinelli said Tuesday.

"The plan is to list by spring 2012," Brunello Cucinelli said on the sidelines of a luxury goods conference in Milan, according to MF-Dow Jones. Cucinelli said the company has hired Mediobanca SpA (MB.MI) and Bank of America-Merrill Lynch as advisers for the listing.

Cucinelli said the company is seeking fresh capital on the markets, not to make acquisitions but to strengthen its brand.

Italian luxury goods company Salvatore Ferragamo will debut on the Milan Stock Exchange Wednesday, and another worldwide known luxury brand, Prada SpA, floated in Hong Kong last week.

-By Laura Bonadies and Sabrina Cohen, Dow Jones Newswires, +39 02 5821 9906; sabrina.cohen@dowjones.com

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