Italy Bank Buys Moncler 1.001% Stake With Euro 91 Million 600 Thousand

According to "Milano Finanza", Italy Banca (d) Italia has just invested in Italy luxury brand Moncler (EU Gai), amounting to 91 million 600 thousand euros, and acquired 1.001% of its shares.

Moncler group's largest shareholder is its president and chief executive officer, Remo Ruffini, with a shareholding ratio of 22.5%. Other major shareholders include: the US private equity fund Blackstone Group (shareholding ratio 5%), Invesco (Jingshun group, 3.3% stake), Morgan Stanley Asia Division (3%) and Singapore state investment company GIC They acquired Moncler 1.63% stake in Moncler group when they listed on IPO.

Affected by the severe new crown virus epidemic in Italy, the world's major luxury stocks have declined in varying degrees in the past month. According to the statistics of "luxuriant luxury stock monthly report (March 2020)", in March, Moncler's share price also dropped by 5.5%, but in the 22 luxury stocks tracked by the "gorgeous index", its performance was quite good, and the stock price performed fourth, second only to Hermes, Tod 's and Tiffany.

In February 10th, Moncler, a luxury brand in Italy, released the key financial data for the 2019 fiscal year. Thanks to the steady growth of various markets and sales channels, net sales increased by 15% to 1 billion 628 million euros compared with the same period last year, an increase of 13% over fixed exchange rates.

In mid 3, in order to combat the outbreak of the new crown virus outbreak in Italy, Moncler donated 10 million euros to the special hospital for the new crown pneumonia in Lombardia, Italy, the worst hit area in Lombardia.