- Marjorie van Elven
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Global investment firm Eurazeo no longer holds any Moncler shares. The
company has sold its remaining shares of Moncler S.p.A, which represented
approximately 4.8 percent of the company’s share capital and voting rights,
for a total of 445 million euros.
Eurazeo acquired a 45 percent stake in Moncler in 2011 for approximately
930 million euros. Since then, the company went from 60 to 193 points of
sale, with new flagship stores opened in Paris, Tokyo, New York, Milan and
London. The results of the expansion strategy are evident: in 2011, 43
percent of Moncler’s revenues came from its native country, Italy, while
today 85 percent of sales come from other countries.
Commenting on the sale, Eurazeo’s CEO Virginie Morgon said in a
statement: “Our adventure alongside Moncler and its Chairman and CEO Remo
Ruffini has been an exciting journey. It was almost 10 years ago that we
first started discussing with Remo. Since then, we have worked closely
together, helping Moncler grow ten-fold in value, dramatically expanding
its global footprint, opening multiple Moncler stores around the world, and
rolling out a constantly-renewed and ever-impressive range of new
products”.
Picture: Moncler Facebook
