Stone Island joins Moncler

Stone Island joins Moncler

Moncler S.p.A. and Sportswear Company S.p.A., that holds Stone Island brand, announced today that they have reached an agreement as a result of which Stone Island joins Moncler to develop together a new shared vision of luxury.

The acquisition will consist of 2 parts where Moncler will buy 70 percent of the company from Chief Executive Carlo Rivetti. It will then buy the remaining 30 percent from Temasek, the Singaporean state-backed investor.

With this transaction, united by their “beyond fashion, beyond luxury” philosophy, these two Italian brands will strengthen their ability to interpret the evolving cultural codes of the new generations, reinforcing their positioning within the new luxury segment. This is a concept that 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.

Remo Ruffini, Chairman and CEO of Moncler S.p.A. comments: “I have always worked to build a strong brand where uniqueness and closeness to the consumer have been the cornerstones of a development always beyond trends and conventions.”

Carlo Rivetti, Chairman and CEO of Stone Island continues: “Remo and I have decided to combine forces and visions to meet together and with greater strength than ever the challenges we all face. We share the same roots, similar entrepreneurial journeys and the utmost respect for the profound values of our brands and our people. And we are Italians.”