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Gucci to Sell $150 Million in Stock: The luxury leather goods maker owned by Investcorp International of New York plans to sell a 30% stake in the Gucci Group in October on the New York, London and Milan stock exchanges. A group of investment banks led by Morgan Stanley & Co. will manage the offering. SBC Warburg and CS First Boston will be co-managers. The initial public offering would close a difficult chapter in the history of Gucci, which was started by saddle maker Guccio Gucci in Florence in 1922. Investors will also find a company completely changed from a few years ago, when battles between various shareholders diverted management’s attention from running the business.