LVMH Acquires Stake in Moncler Shares

LVMH has acquired a 10% stake in Double R, the investment vehicle controlled by Remo Ruffini, who is the chairman and CEO of Moncler, which itself holds a 15.8% stake in the luxury brand. This partnership will enable Double R to increase its stake in Moncler to a maximum of 18.5% over the next 18 months, with LVMH financing these purchases and increasing its investment in Double R to 22%. The deal grants LVMH the right to appoint two members to Double R's board and one to Moncler's, reinforcing Ruffini's position as the main shareholder of Moncler. Both LVMH and Ruffini expressed confidence in the long-term potential of Moncler, with Ruffini highlighting the strategic support from LVMH and its CEO Bernard Arnault. This acquisition reflects a broader trend of consolidation in the luxury market as LVMH seeks to strengthen its influence in Italy's fashion sector.