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STONE ISLAND: 30 YEARS OF HISTORY AND ENDLESS KNOW-HOW

A culture of research, experimentation, function and use are the basis of the matrix that have always defined Stone Island: a casual menswear brand, established in 1982, which has become a symbol of extreme research on fibres and textiles, through the continuous experimentation of dyes and treatments on the finished garment.

 

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DOCUMENTS
12/07/2020 Press release
12/07/2020 Presentation
12/07/2020 Transcript conference call
12/12/2020 Press release of Ruffini Partecipazioni Holding S.r.l. dispatched by Moncler S.p.A.
12/13/2020 Information document for the transaction of greater importance with related parties (Italian version only)
TRANSACTION RATIONALE

“Fashion is not what we wear, fashion is a language. It is not having but belonging. It is a community. It is experience. With Moncler Genius – launched in 2018 – Moncler went beyond luxury and started to talk to the younger generations in their own language”, said Remo Ruffini, chairman and CEO of Moncler. “With Stone Island Moncler will further develop in this direction: two Brands with their own uniqueness, with their DNA and distinctive positioning, highly complementary. Stone island fits perfectly with Moncler, it reminds of Moncler 10 years ago. This is an union of two Italian families with common roots, the same obsession for brand’s purity and a continuous strive for innovation, which came together to develop a new shared vision of luxury and to fully exploit each brand’s strong potential”.

 

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TRANSACTION DETAILS

Moncler would acquire 100% of Stone Island for an equity value of Eur 1,15bn, in cash and equity. Closing is expected before June 2021, subject to the fulfillment of all conditions precedent. Moncler maximum cash out will be of Eur 748m, completely self-funded. Moncler would issue up to 15.3million of new shares. The deal is accretive on all metrics since the first year.

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