Moncler has announced that it has officially integrated Stone Island into the Moncler Group for €1.15 billion, or about $9 billion.
According to Remo Ruffini, Chairman and CEO of Moncler S.p.A., and Carlo Rivetti, Chairman and CEO of Stone Island, the two companies want to accelerate each other's growth while maintaining the identity of both brands.
What will happen when Moncler, the luxury down jacket brand, joins forces with Stone Island, the newest high-street functionality brand?
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