Moncler soars on the stock market in the wake of rumors about its possible move to France. The share of the company led by Remo Ruffini jumped by 9,7% to 42,61 euros, bringing with it the entire fashion and luxury sector: Salvatore Ferragamo +5,1%, Tod's, +5,6%, Brunello Cucinelli +2,6, 1,10%, EssilorLuxottica +XNUMX%.
To trigger the purchases, as mentioned, is a news reported by Bloomberg according to which Moncler would have entered Kering's sights, a French giant that already owns brands of the caliber of Gucci, Yves Saint Laurent, Boucheron, Bottega Veneta, Alexander McQueen and Balenciaga. There would have been exploratory talks between the two companies relating to a potential acquisition of the Italian brand which could therefore be added to the now long list of Italian brands that have preferred the Parisian climate to the Milanese climate.
Kering's number one François Pinault, for his part, tries to respond head-on to LVMH's "bitter rivals"., which they achieved last month a $16 billion deal with Tiffany, in a war of acquisitions that has now concentrated the center of gravity of world luxury under the Eiffel Tower.
But wait to pack your bags. Remo Ruffini confirmed contacts with Kering, but specified that for the moment there are no concrete hypotheses for the sale of the company. “In relation to the indiscretions reported by some press organs, Remo Ruffini, in his capacity as shareholder of Moncler, wishes to specify that he periodically maintains contacts and talks with investors and other operators in the sector, including the Kering group, on potential strategic opportunities for further promote the development of Moncler, without any concrete hypotheses being studied at the moment,” reads a note.
Returning to the Stock Exchange to benefit from the rumors is also the Kering title, which in Paris gains 1,45% to 545,9 euros.
