Eurazeo has sold its entire remaining stake of 4.8 percent in Moncler, making a major capital gain with a total price of $445 million for the shares. It had invested €950 million to acquire a 45 percent stake in the Italian company in 2011, prior to its public offering. Meanwhile, an American fund, BlackRock, has become the second-largest shareholder in Moncler with around 5 percent of its equity. The company's chief executive, Remo Ruffini, is still the major shareholder.
Related articles
-
Article2023: Vaude reduces global CO2 emissions by 30%
According to its 2023 CO2 emissions chart, Vaude has reduced its global greenhouse gas emissions by almost one-third compared to the reference year of 2019, while the company’s turnover increased significantly in the same period. Vaude thus shows that it is possible to decouple resource consumption from corporate growth and ...
-
News briefsWolverine Worldwide aims for greater internationality with new license deals
Wolverine Worldwide has inked two new global licensing deals as part of its strategic evolution into a brand-focused growth entity. Vida Shoes International will take on the role of global licensee for Merrell and Saucony kids footwear under the first agreement. This partnership grants Vida rights to these products across ...
-
News briefsRevelyst reschedules investor day to early fall
Revelyst, the outdoor segment of Vista Outdoor Inc., has announced that the company will postpone its investor day. The change comes in light of the Vista Outdoor Board of Directors’ recent decision to postpone the date of its planned shareholder vote in connection with its third-party investment in the company. ...