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.