The French giant enters the capital of Moncler by acquiring 10% of Double R, the investment vehicle of Remo Ruffini, with the ...
LVMH has taken a 10 % stake in Italian luxury brand Moncler, gaining a seat on its board of directors in the process.
Moncler has become a rage in recent years under Remo Ruffini's leadership—and LVMH was probably drawn to its luxury resurgence.
Moncler's rally, along with Chinese news, has dragged all fashion stocks up after months of decline. Banks are also doing well. Stellantis bounces back ...