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Kering Holds Exploratory Talks on Deal for Moncler

  • Moncler confirms biggest shareholder has contacts with Kering
  • Italian ski-jacket maker has market value of about $12 billion
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Watch: Has Kering, the owner of Gucci and Saint Laurent, held exploratory talks with Moncler?(Source: Bloomberg)
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Kering SA has held exploratory talks with Moncler SpA about a potential deal for the Italian skiwear maker, people with knowledge of the matter said.

Senior executives at Kering, the owner of Gucci and Saint Laurent, and Moncler have held preliminary discussions about a combination, according to the people, who asked not to be identified because the information is private. There’s no certainty the talks will lead to a transaction.