Steward questions whether Moleskine is primarily a stationery company selling paper products or, as their bankers suggest, the very opposite as this chart from the IPO prospectus shows…
They argue that Moleskine lives in a mind space that is beyond pure luxury. It’s not a dreary old lifestyle brand… it lives in that hallowed ground of a ‘luxury cultural lifestyle’ brand. It’s the notebook that Mariella Frostrup in a sexy dress at a party with Alain de Botton would have in her Prada handbag. It’s the notebook that Benedict Cumberbatch/Sherlock Holmes pulls out of his Oswald Boateng overcoat when even his ‘brain the size of a planet’ needs to jot something down. It has the provenance of Van Gogh and Picasso, Hemingway and Chatwin.