No One Asked To Buy Italian Luxury Label Moncler, Says CEO
MILAN, ITALY — No one has asked to buy Italian luxury label Moncler, its chief executive told the Financial Times, adding he would like to see what happens in the next three to four years.
“It would seem to me a shame to be selling now,” Chairman and chief executive Remo Ruffini said.
He also ruled out acquisitions, saying the company was focused on its new product strategy based on faster-paced collections.
In March 2019, DM Fashion Book reported that Eurazeo SA has sold its remaining stake in Moncler, worth about 4.8 percent of the fashion brand’s capital, after an eight-year investment in the company, the French fund. The French investment group has sold its entire stake in the Italian luxury label for around €445 million ($505 million) see it here.
Photos Credit: Courtesy of Moncler