×
201
Fashion Jobs
NAGA LIMITED
Manager - Production
Permanent · Dindigul
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
ERIS LIFESCIENCES LIMITED
Area Business Manager (Generics)
Permanent · Ahmedabad
DIGIKREDIT FINANCE
Requirement For Sales Manager :: Ahmedabad
Permanent · Ahmedabad
KHOSLA MACHINES PVT. LTD.
Sales Manager-North
Permanent · Sahibzada Ajit Singh Nagar
TRACKON COURIER
Area Sales Manager
Permanent · Vapi
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Madhya Pradesh)
Permanent · Indore
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
MARC LABORATORIES LTD.
Field Sales Officer/Area Business Manager / Regional Business Manager
Permanent · Varanasi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
RUDRAKSHA CERAMICS PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
SAHIBANDHU FINTECH SERVICES LIMITED
Area Sales Manager - Sahibandhu
Permanent · New Delhi
Published
Dec 7, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Moncler buys Stone Island, will accelerate expansion

Published
Dec 7, 2020

Moncler is to acquire Stone Island’s parent company with the outerwear specialist aiming to eventually take over the entire share capital of the business in a deal that values Moncler’s smaller peer at €1.15 billion.


Stone Island


The first step will see Moncler buying a 50%+ stake from Stone Island CEO Carlo Rivetti and an extra 19.9% from other members of his family in an all-cash deal.

Other shareholders will be part of the next stage. The Temasek fund owns around 30% and Moncler wants to buy that stake too. Interestingly, Temasek is also a Moncler minority shareholder and it will be offered the same price as Rivetti, but will also have the option of being paid in newly-issued Moncler shares for up to 50% of the money that’s due to it.

Moncler chairman and CEO Remo Ruffini said: “We are coming together at a challenging moment both for Italy and the world, when everything seems uncertain and unpredictable. But I believe it is precisely in these moments that we need new energy and new inspiration to build our tomorrow.”

The two Italian firms said Monday that they will jointly develop a new luxury vision and that the merger will strength their ability to tap into what new generations of consumers want to buy and wear.

Ruffini and Rivetti will be bringing together a creative and entrepreneurial approach to managing the brands as well as the strongly technical profile that both labels have. They’re also aiming to strengthen the ability of both brands to compete as standalone labels.

Moncler said Stone Island would be able to use its new owner’s knowledge and experience to maximise its growth potential in key markets such as the Americas and Asia, as well as in the direct-to-consumer (D2C) channel.

And the two firms will have a heavy sustainability focus too, something Moncler has maximised particularly well given that it topped the Dow Jones Sustainability World and Europe Indexes for Textile, Apparel & Luxury Goods this year.

Moncler is known as one of the most profitable luxury names and its Genius multi-drop strategy of recent years has been a major success for it.

Rivetti said Stone Island will retain its strong brand identity, its research and experimentation culture and its own independent HQ. 

He believes that Stone Island will be able to accelerate its growth under new ownership.

The company has already been focusing on growth in key markets. it opened a new store in Beijing this autumn and is opening in Miami this month. The UK is also a key market for the label. That comes at the same time as it said its sales should be broadly level with 2019’s this year (despite the pandemic), that it will be profitable and that SS21 orders are running higher than SS20’s.

Copyright © 2022 FashionNetwork.com All rights reserved.