Moncler Grenoble Fall 2016 Menswear.
Last July, donbleek.com reported that the main shareholder of French apparel manufacturer and lifestyle brand Moncler announced that it had secured an agreement with two long-term investors to grow the footprint of the Milan-based brand. Ruffini Partecipazioni, which currently owns 32% of Moncler, said it would place its stake in the group in a new company that it would fully own in a first stage. Singapore-based Temasek and Juan Carlos Torres, a shareholder and Chairman of travel retail group Dufry, would then buy a 24.4% stake in the new company. Clubsette, an investment vehicle owned by Tamburi Investment Partners and which owns 14 percent of Ruffini Partecipazioni, will exchange it for a 5.1% direct holding in Moncler, the statement said (see it here).
Today, we learned that French investment company Eurazeo announced that it has sold a 6% interest in luxury label Moncler, for a value of approximately €230 million ($257.55 million). In a press release, Eurazeo stated that, as part of a fast-track placement with institutional investors, it sold 15 million shares at a price of €15.34 per share, through its subsidiary ECIP M.
“Today’s transaction is an example of Eurazeo’s dynamic portfolio management,” said Virginie Morgon, the company’s Deputy CEO.
After the operation, ECIP M will hold a 9.5% stake in Moncler, while Eurazeo‘s economic interest will amount to 7.9% of the capital.
“We are indeed convinced that the company still harbours a significant growth potential, because of the strength of its brand, its unique positioning within the industry and the broadening of its range and geographical scope, as well as for the managerial talent of Remo Ruffini and his teams,” added Morgon.
Moncler is renowned for its luxury down jackets. It was listed triumphantly on the Milan Stock Exchange at the end of 2013, and it is one of Eurazeo‘s growth vectors, among those companies in which it does not hold a majority stake.
Eurazeo also has investments in the fashion brand Desigual, AccorHotels (leader hotel operator in Europe), Europcar (European vehicle rental services), as well as other companies.
Moncler Grenoble Fall 2016 Menswear.
Moncler Grenoble Fall 2016 Menswear.
Photos Credit: Indigital.tv