Italy’s Moncler acquires Stone Island



Italy’s down jacket maker Moncler and Sportswear Firm lately introduced that the previous has acquired the latter’s high-end home streetwear and vogue model Stone Island. Moncler will share with Stone Island its data and expertise to totally seize the essential development potential, specifically of the Americas and Asian markets.

The acquisition deal was reportedly value 1.four billion.

The acquisition may also assist seize the direct-to-consumer channel, alongside Moncler’s tradition of sustainability, which allowed the corporate to rank as business chief of the textile, attire and luxurious items sector within the Dow Jones Sustainability Indices World and Europe for the second consecutive 12 months, in response to a press launch from the businesses.

“We’re coming collectively at a difficult second each for Italy and the world, when every part appears unsure and unpredictable. However I consider it’s exactly in these moments that we’d like new power and new inspiration to construct our tomorrow,” Moncler chief govt officer (CEO) Remo Ruffini mentioned.

“This can be a partnership that represents an ideal alternative for the continued improvement of each firms and which is able to assist Stone Island speed up its worldwide development due to Moncler’s expertise in each the bodily and digital retail world,” Carlo Rivetti, chairman and CEO of Stone Island mentioned.

Fibre2Fashion Information Desk (DS)

Italy’s down jacket maker Moncler and Sportswear Firm lately introduced that the previous has acquired the latter’s high-end home streetwear and vogue model Stone Island. Moncler will share with Stone Island its data and expertise to totally seize the essential development potential, specifically of the Americas and Asian markets.





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