Jacket manufacturer Moncler buys Stone Island!
The deal has a volume of 1.15 billion Euros. Moncler has opened shops in Vienna, Salzburg and Kitzbühel, in recent years.
There is a major merger in Italy’s fashion industry. The down jacket manufacturer Moncler, which is listed on the Milan stock exchange and is also present in Austria with its own mono-brand shops, has bought the Sportswear Company, the owner of the prestigious fashion brand – Stone Island.
The aim of the merger is to found a new group positioned in the luxury segment, which focuses primarily on fashion for leisure and sports. As part of the deal, Carlo Rivetti, owner of Sportswear Company, will join Moncler’s supervisory board.
Jacket manufacturer Moncler is known for producing down jackets with water-repellent and air-impermeable fabrics. The brand with the crowing rooster, has opened shops in exclusive locations in recent years.
The news is out – jacket manufacturer Moncler buys Stone Island!