Moncler Undergoes Shareholding Reshuffle, Enhancing Investor Accessibility
Carlo Rivetti becomes a direct investor in Moncler, alongside Temasek, as CEO Remo Ruffini's stake is reduced to 16%.
- Carlo Rivetti, chairman of Stone Island, acquires a direct 4% stake in Moncler, marking a significant change in the company's shareholding structure.
- Singapore-based investment company Temasek also becomes a direct shareholder in Moncler with a similar 4% stake, following its exit from Double R.
- Remo Ruffini, CEO of Moncler, will retain a 16% stake in the luxury brand after the reshuffle, making the company more accessible to potential investors.
- The Rivetti family and Temasek's move to direct shareholding is seen as increasing Moncler's contestability in the market.
- Moncler's share price experienced a slight decline, attributed to a generally negative day for the luxury sector, but the company remains a favorite stock for its quality.