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Fashion

Staff Reporter

, APAC

Published:

1 hour ago

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LVMH acquires stake in Moncler

It aims to increase its investment in Double R by up to 22%.

LVMH has acquired a 10% stake in Double R, an investment vehicle controlled by Ruffini Partecipazioni Holding, which owns a 15.8% direct stake in Moncler.

Double R will increase its stake in Moncler up to 18.5% through further purchases of Moncler shares over the next 18 months. The funding will be provided by LVMH which will increase its investment in Double R by up to 22%

Through this, the parties are direct shareholders of Double R and indirect shareholders of Moncler. LVMH will appoint two members to the Board of Double R and one to Moncler.

The partnership also reinforces Remo Ruffini’s position as the largest shareholder of Moncler.

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