Consumer
LVMH Invests in Luxury Outdoor Brand Moncler
- Moncler’s Ruffini to continue driving brand’s development
- LVMH to gain Moncler board seat following transaction
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LVMH is investing in designer outerwear label Moncler SpA in a deal that will give the French luxury conglomerate a seat on the Italian company’s board.
LVMH Moët Hennessy Louis Vuitton SE is buying a 10% stake in Double R, the investment vehicle controlled by Moncler Chairman and Chief Executive Officer Remo Ruffini, which itself owns a 15.8% stake in Moncler, the companies said in a statement late Thursday. Financial terms of the deal weren’t disclosed.