Moncler buys Stone Island sportswear brand for $1.4bn ...Qatar

ٌRayaٌ news - News
Moncler buys Stone Island sportswear brand for $1.4bn
Moncler SpA agreed to buy Stone Island, a rival maker of high-end sportswear, for €1.15bn ($1.4bn) in cash and shares, investing in a new platform for growth as the pandemic erodes demand for luxury. Moncler said yesterday it will purchase 70% of Stone Island’s parent company SPW from chief executive officer Carlo Rivetti and other members of his family. The skiwear maker will then buy the remaining 30% from Singapore’s state investor Temasek. Moncler shares rose as much as 6.5%. With Stone Island, Moncler is diversifying with a more technical brand after a streak of double-digit sales growth ended. The purchase also gives the Italian company, known for expensive winter jackets, a bigger pr

Hence then, the article about moncler buys stone island sportswear brand for 1 4bn was published today ( ) and is available on ٌRayaٌ news ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Moncler buys Stone Island sportswear brand for $1.4bn )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News