Stone Island is a NEO LUXE menswear brand with a culture of research, experimentation, function and use. Discover the Stone Island brand and its history. Moncler SpA agreed to buy Stone Island, a rival maker of high-end sportswear, for 1.15 billion euros ($1.4 billion) in cash and shares, investing in a new platform for growth as the pandemic.
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STONE ISLAND X MONCLER JACKET (BLACK)
On 6 December, Moncler revealed its acquisition of Sportswear Company, the parent company of Stone Island, at €1.15 billion. This pivotal while somewhat surprising deal at the time marks Moncler's first step to officially becoming a multi-brand group. Moncler, the Italian maker of luxury puffer jackets, has agreed to buy Stone Island in a cash-and-share deal that values its smaller domestic rival at €1.15bn. In the first step of a two-part. STONE ISLAND JOINS THE MONCLER GROUP In December, Stone Island announced its entry into the Moncler Group. History Cult sportswear brand Stone Island found a sweet spot in the age of luxury streetwear. With a €1.15 billion euro deal to acquire the label, Moncler is opening the door to become a multi-brand group. Cult sportswear brand Stone Island found a sweet spot in the age of luxury streetwear.
Moncler x Stone Island!
MILAN — Moncler SpA is set to acquire Sportswear Company SpA, owner of the Stone Island brand. The acquisition, revealed on Monday morning, points to a new path for Moncler, not long ago. The stakes purchased by Moncler were primarily held by Stone Island chief executive Carlo Rivetti and his family. Pending board review at a meeting set for March 25, 2021, the Rivetti family and Singapore-based holding company Temasek Holdings Ltd. (which owned a 30 percent stake in Stone Island prior to the Moncler acquisition) will receive an. GROUP Born on 1 April 2021, Moncler Group, with its two brands - Moncler and Stone Island -, represents the expression of a new concept of luxury, which embraces the search for experientiality, inclusivity, a sense of belonging to a community and the mixing of diverse meanings and worlds including those of art, culture, music and sport. "Stone Island reminds me a lot of Moncler 10 years ago," Remo Ruffini, Moncler S.p.A. chairman and chief executive told investors during a call on Monday. He noted that Stone Island's distribution makeup was the same as Moncler a decade ago, with 80 per cent wholesale and 20 per cent retail, and also has similar margins and revenues.
Moncler acquires remaining 30 of Stone Island
MILAN (Reuters) - Down jacket maker Moncler is buying smaller Italian high-end streetwear and fashion brand Stone Island in a 1.15 billion euro ($1.4 billion) deal which could signal an. Moncler has now purchased the remaining 30 percent of Stone Island for $419 million, following the initial deal in December that valued the brand at €1.15 billion ($1.4 billion). The deal is.
(Moncler) The strategy comes as the company seeks to keep up growth after sales rebounded sharply from the pandemic. In the first quarter of 2022, Moncler's sales rose 29 percent, the company said, while Stone Island grew 32 percent. Both labels beat analyst estimates. Announced today, skiwear-meets-lifestyle brand Moncler acquired fellow Italian label Stone Island in an acquisition that sets the roadman favorite brand at a $1.4 billion valuation. "We're coming together at a challenging moment both for Italy and the world," Moncler chairman and CEO Remo Ruffini explained. The executive emphasized that.
Moncler's CEO On What's Next for Stone Island Highsnobiety
Financial Moncler Takes Full Control of Stone Island The company is acquiring the remaining 30 percent stake in Stone Island owned by Singapore-based Temasek for 345 million euros. By. In another turn of events, Moncler this morning announced its 100 percent acquisition of smaller rival Stone Island in a transaction valuing the brand at €1.15 billion (about $1.4 billion). The.
