STONE ISLAND LogoAppliquéd Shell Jacket with Detachable Liner for Men MR PORTER
Down jacket maker Moncler is buying smaller Italian high-end streetwear and fashion brand Stone Island in a 1.15 billion euro ($1.4 billion) deal which could signal an intention to consolidate.
Stone Island_AW'014'015_ 64920 Stone Island, Chubby Men, Fashion 2014
23 February 2021 The deal, first announced in December of last year, will give Moncler the entire share capital of Stone Island and its parent Sportswear Company S.p.A. (SPW). The final 30 percent of the purchase is worth around €345 million ($419 million).
6415 Stone Island_SS'016_ 530B0 Cardigan knit in plain stitching cotton nylon. Garment dyed
Stone Island was created in 1982 in a design lab in Bologna by Massimo Osti. The Italian's roots lay in industrial design, hence Stone Island became synonymous for its stripped-back aesthetic.
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In July 2017, the Rivetti family, shareholder of Sportswear Company S.p.A., that owns the Stone Island brand, reached an agreement to sell 30% of the company's shares to Temasek, an important investment company based in Singapore. In December of 2020, Stone Island announced its entry into the Moncler group.
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History Designer Massimo Osti founded Stone Island in 1982, in Ravarino, Italy. He founded the brand to compliment his flagship label, C.P. Company, which he started in 1971. [6] Osti sold 50% of Stone Island to GFT (Gruppo Finanziario Tessile) in 1983, before selling the remaining half to GFT in 1991.
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In the 19th century Giuseppe Rivetti - son of Giovanni Battista, the first carding machine operator in the Italian textile industry - carrying on the passion of his father, started to secretly sell cows from the family's farm to purchase looms.
Stone Island Soft Cotton Crew Knit Stone Island
Stone Island CEO Robert Triefus Maps Out Strategies. Ahead of Stone Island's first fashion show in Milan, the executive outlines the growth avenues for the brand. By Luisa Zargani. January 12.
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A culture of research, experimentation and usability are the matrixes that have always defined Stone Island; informal clothing brand born in 1982 thanks to Massimo Osti and Carlo Rivetti in Ravarino - a small town in the province of Modena - and intended to become a symbol of extreme research on fibers and fabrics, applied to an innovative design.
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Following Moncler's acquisition of smaller rival Stone Island for roughly $1.4 billion, Moncler's CEO and Chairman Remo Ruffini explains the future.
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Highsnobiety Being an Englishman in the streetwear scene, you notice that there's a bit of a one-way cultural conversation going on. Everyone knows American street culture. Pretty much the entire.
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As Moncler's first wholly-owned brand ( Moncler acquired a 49 per cent stake in womenswear brand The Attico in 2018 ), Stone Island marks the beginning of the company's ambitions to become a full-fledged luxury conglomerate.
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December 7, 2020 at 5:48 AM PST Listen 2:59 This article is for subscribers only. Moncler SpA agreed to buy Stone Island, a rival maker of high-end sportswear, for 1.15 billion euros ($1.4.
Erfahrung Flaute Folgen history of stone island Protest flach Hilflosigkeit
Temasek owns shares in both SPW and Moncler, both directly and through Ruffini Partecipazioni.. Men's wear brand Stone Island was established in 1982, and it is known for its extensive.
Stone Island AW18 Premier Model Management
Stone Island is set to be acquired by rival brand Moncler, as announced in a press statement this morning, December 7 th. Italian brands Stone Island and Moncler have long been regarded as rival.
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Report. Moncler has acquired the remaining 30 percent of the share capital of Sportswear Company S.p.A. (SPW) that owns the Stone Island brand, for a consideration equal to 345 million euros from Temasek. The company also signed an agreement for the purchase of the 70 percent stake held by Rivetex S.r.l. and the Rivetti family of SPW.
Interview Stone Island, the brand adopted by the streetwear crew
CEO and owner Carlo Rivetti still owns just over 50% of Stone Island, and his family owners own an additional 19.9%. Skiwear-turned-fashion-brand Moncler is buying it from them in cash. It is buying the other 30% from Temasek, which also has a small stake in Moncler.