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In 2017, Singaporean sovereign wealth fund Temasek Holdings bought out a 30% stake in Stone Island valued at €345 million. [9] [10] Three years later, Italian fashion house Moncler bought a majority stake in Stone Island for a reported €1.15 billion.
Dec 7, 2020 · In the first step of a two-part acquisition, Moncler will buy 70 per cent of the company that owns streetwear brand Stone Island from chief executive Carlo Rivetti and his family. It will then...
- Silvia Sciorilli Borrelli
Stone Island is a NEO LUXE menswear brand with a culture of research, experimentation, function and use. Discover the Stone Island brand and its history.
Dec 7, 2020 · Moncler SpA agreed to buy Stone Island, a rival maker of high-end sportswear, for 1.15 billion euros ($1.4 billion) in cash and shares, investing in a new platform for growth as the pandemic...
- 10 min
Mar 27, 2024 · Stone Island was founded in Ravarino, Italy, in 1982 by Massimo Osti, the pioneering designer and businessman who helped usher in a new approach to sportswear by blending textile innovation...
Feb 23, 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).
May 4, 2023 · Robert Triefus has been appointed as CEO of Stone Island, parent company Moncler Group said on Thursday during its quarterly earnings announcement. Triefus most recently served as the CEO of Gucci Vault, overlooking the brand’s metaverse and gaming division, but made a surprise departure last month.
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