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Moncler S.p.A. (MONC.MI)
- Reuters
Moncler investor sells stake at 67 euros, shares down over 3%
Italy's Rivetti family, former owner of the Stone Island brand, said on Tuesday it had sold a stake in Moncler, sending the Italian luxury group's shares down by as much as 3.5%. The placement comes less than a month after the announcement that the Rivetti family would become a direct shareholder in the luxury group after ending an investment agreement with CEO Remo Ruffini's holding company Double R. The stake was not part of a consultation agreement they sealed with Ruffini when they left the holding company.
- Reuters
Moncler's main shareholder will hold 16% after reshuffle
Moncler's chief executive and main shareholder will be left with roughly 16% of the luxury group once the Rivetti family exits the holding company in a move making the company more accessible for potential bidders, analysts said. Moncler said on Saturday the Rivetti family will become a direct shareholder in the luxury group after ending an investment agreement with CEO Remo Ruffini's holding company Double R. The Rivetti family, which got Double R's shares as a result of Moncler's acquisition of Stone Island some three years ago, currently holds a 16.5% stake in Double R, which in turn has a 23.7% stake in Moncler.
- Insider Monkey
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