Moncler CEO To Retain 16-Percent Stake in Brand After Shareholder Shuffling
Shareholders are exiting CEO Remo Ruffini’s holding company, opting for a direct stake.
Moncler CEO Remo Ruffini will be left with a 16% stake in the luxury brand after the Rivetti family exits the holding company Double R, Reuters reported. While the Rivetti family currently has an investment agreement with Double R, which is owned by Ruffini, the family will become a direct stakeholder instead.
According to Reuters, analysts said that the move would make Moncler more accessible to potential investors.
The Rivetti got Double R’s shares following Moncler’s acquisition of Stone Island, which went down about three years ago. The family has a 16.5% stake in Double R, while the holding company itself has a 23.7% stake in Moncler.
Through their direct stake, the Rivetti family will now own 4% of Moncler, alongside 4% owned by the Singapore state investor Temasek, which is similarly exiting Double R. Moncler itself is said to be valued at $19.1 billion USD, per Reuters.
