
Moncler Unexpectedly Acquires Stone Island In Billion Dollar Deal
STONE ISLAND This morning, Moncler has unexpectedly acquired rival brand Stone Island. Sharing a “beyond fashion, beyond luxury” foundation, the pair has joined forces on the shared principles and visions of each brands. The deal is being reported to be estimated around $1.39 billion in a cash sale for a complete buyout. The cash sale purchases 100 percent of Stone Island’s shares giving Moncler complete control … Continue reading Moncler Unexpectedly Acquires Stone Island In Billion Dollar Deal