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Moncler buys out entire stake in Stone Island

Moncler has acquired the remaining 30 percent of the share capital of Sportswear Company S.p.A. (SPW) that owns the Stone Island brand, for a consideration equal to 345 million euros from Temasek. The company also signed an agreement for the purchase of the 70 percent stake held by Rivetex S.r.l. and the Rivetti family of SPW. The company said...

Feb 24, 2021