LVMH has acquired a 10% stake in Double R, the investment vehicle of Moncler’s CEO, Remo Ruffini. This marks a significant step in strengthening partnerships within the luxury fashion industry.
- LVMH’s recent investment represents around 1.6% of Moncler, enhancing the conglomerate’s influence in the brand.
- Over the next 18 months, Double R’s stake in Moncler is set to increase to a maximum of 18.5%, supported by LVMH’s funding.
- The acquisition grants LVMH the right to appoint board members to Double R and Moncler, influencing strategic decisions.
- Ruffini expresses confidence in the partnership, noting its role in securing Moncler’s future vision and brand independence.
LVMH has strategically acquired a 10% share in Double R, the investment company led by Moncler’s CEO, Remo Ruffini. This move is noteworthy as it signals a robust alliance within the high-end fashion sector. The acquisition encompasses approximately 1.6% of Moncler, bolstering LVMH’s presence within the brand. Ruffini controls Double R, which already holds a substantial 15.8% stake in Moncler. Through this transaction, Double R plans to elevate its stake in Moncler up to 18.5% over the ensuing 18 months, with financial backing from LVMH.
Under this agreement, LVMH is poised to expand its stake in Double R to as much as 22%, equivalent to a 4% share in Moncler. This strategic investment allows LVMH to appoint two directors to the board of Double R and one to Moncler’s board, providing the company with strategic leverage and decision-making power.
Remo Ruffini, Moncler’s chairman and CEO, expressed that this partnership reinforces Double R’s position in Moncler and provides stability needed for future ambitions. Ruffini acknowledged Bernard Arnault’s entrepreneurial insight, highlighting his support for Moncler’s brand vision. “This partnership reinforces Double R’s position in Moncler and provides the stability needed to execute my vision for the future,” Ruffini stated.
Bernard Arnault, CEO and chairman of LVMH, praised Moncler as an entrepreneurial success story, citing Ruffini’s visionary guidance. He expressed delight in investing to support Ruffini’s leadership and the independence of Moncler Group. “Moncler has been one of the most significant entrepreneurial success stories in the industry over the past 20 years,” Arnault commented, acknowledging the meaningful relationship formed with Moncler.
The LVMH and Moncler partnership exemplifies strategic collaboration within the luxury industry, poised to strengthen and sustain both brands.
