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Dec. 22, 2024
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Apparel and accessories

Moncler’s first acquisition hints at future ambitions

December 8, 2020

Moncler is acquiring Italian sportswear competitor Stone Island. Image credit: Moncler

 

By Sarah Ramirez

French-Italian outwear brand Moncler is acquiring the owner of popular streetwear brand Stone Island in a move indicating the luxury label will be a buyer, not a seller, as the sector potentially consolidates in the coming months and years.

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  1. Estée Lauder Cos. establishes new fragrance innovation hub in Paris
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  4. Vera Wang sells IP to brand management firm WHP Global
  5. Meta drops price on paid subscription tier in EU
  6. MGallery Collection wins Grand Prize for luxury tourism
  7. Tiffany & Co., Sotheby’s team up on auction, pop-up experience
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