Moncler Acquire 100% Of Stone Island.

In a deal worth $1.39 billion Moncler have purchased complete ownership of the Stolen Island company.  Moncler Chairman and CEOm and Carlo Rivetti of Stone Island have long been friends, and have discussed the relative strength of their two companies, along with the possibility of a merger for some time.

Faced with the behemoth which is the LVMH group, it makes sense for two strong Italian companies with quote singular visions, and often innovative products, to merge in this way, and as Moncler is the larger, it is appropriate they helm this as an acquisition.

I statements from both Rivetti and Ruffini, they echo the sentiments outlined here, with Ruffini making particular mention of the resilience of both the companies, and of Italy.

We think this is a good thing for fashion, luxury goods and both brands. Moncler has a strong independent vision which it uses to produce unique collections.  And Stone Island has a similar approach, but with a more technical focus to it's offerings. 

We are excited to see the products this merger will produce, and are extremely happy that these did not simply become more bland, corporate vassals of LVMH.