Moncler shares up 11% in early trading after LVMH deal

Arnault's group up 3.3% in Paris

By: ansa.it

Sep 27 2024
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Moncler shares up 11% in early

After the surprise announcement late Thursday that LVMH has acquired a 10% stake in Remo Ruffini's holding company that controls 15.8% of Moncler, the Italian luxury outerwear label's shares soared 11.8% to 52.88 euros in early trading in Milan Friday.
    Shares of Bernard Arnault's French luxury giant also climbed 3.3% to 698.7 euros in Paris.
    Under the deal, LVMH can gain a stake of up to 22% in the investment vehicle that controls Moncler, Double R.