Interview Stone Island, the brand adopted by the streetwear crew

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TEMASEK Temasek, investment company based in Singapore, acquired the 30% of Sportswear Company S.p.A., that owns the Stone Island brand. 2020 STONE ISLAND JOINS THE MONCLER GROUP In December, Stone Island announced its entry into the Moncler Group. History

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Stone Island CEO Robert Triefus Maps Out Strategies. Ahead of Stone Island's first fashion show in Milan, the executive outlines the growth avenues for the brand. By Luisa Zargani. January 12.

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23 February 2021 The deal, first announced in December of last year, will give Moncler the entire share capital of Stone Island and its parent Sportswear Company S.p.A. (SPW). The final 30 percent of the purchase is worth around €345 million ($419 million).

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Stone Island is set to be acquired by rival brand Moncler, as announced in a press statement this morning, December 7 th. Italian brands Stone Island and Moncler have long been regarded as rival.

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As Moncler's first wholly-owned brand ( Moncler acquired a 49 per cent stake in womenswear brand The Attico in 2018 ), Stone Island marks the beginning of the company's ambitions to become a full-fledged luxury conglomerate.

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Stone Island is actually an Italian brand, and before it went global was popular with an Italian youth subculture known as " paninaro ", who would hang around the Panino café in Milan wearing brands such as Stone Island, Moncler, and Best Company. As well as inventing new high-tech fabrics, the company also takes its dyeing process very seriously.

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Cult sportswear brand Stone Island found a sweet spot in the age of luxury streetwear. With a €1.15 billion euro deal to acquire the label, Moncler is opening the door to become a multi-brand group. Cult sportswear brand Stone Island found a sweet spot in the age of luxury streetwear.

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Highsnobiety Being an Englishman in the streetwear scene, you notice that there's a bit of a one-way cultural conversation going on. Everyone knows American street culture. Pretty much the entire.

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In July 2017, the Rivetti family, shareholder of Sportswear Company S.p.A., that owns the Stone Island brand, reached an agreement to sell 30% of the company's shares to Temasek, an important investment company based in Singapore. In December of 2020, Stone Island announced its entry into the Moncler group.

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Report. Moncler has acquired the remaining 30 percent of the share capital of Sportswear Company S.p.A. (SPW) that owns the Stone Island brand, for a consideration equal to 345 million euros from Temasek. The company also signed an agreement for the purchase of the 70 percent stake held by Rivetex S.r.l. and the Rivetti family of SPW.

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A culture of research, experimentation and usability are the matrixes that have always defined Stone Island; informal clothing brand born in 1982 thanks to Massimo Osti and Carlo Rivetti in Ravarino - a small town in the province of Modena - and intended to become a symbol of extreme research on fibers and fabrics, applied to an innovative design.

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Down jacket maker Moncler is buying smaller Italian high-end streetwear and fashion brand Stone Island in a 1.15 billion euro ($1.4 billion) deal which could signal an intention to consolidate.

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Temasek owns shares in both SPW and Moncler, both directly and through Ruffini Partecipazioni.. Men's wear brand Stone Island was established in 1982, and it is known for its extensive.

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History Designer Massimo Osti founded Stone Island in 1982, in Ravarino, Italy. He founded the brand to compliment his flagship label, C.P. Company, which he started in 1971. [6] Osti sold 50% of Stone Island to GFT (Gruppo Finanziario Tessile) in 1983, before selling the remaining half to GFT in 1991.

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CEO and owner Carlo Rivetti still owns just over 50% of Stone Island, and his family owners own an additional 19.9%. Skiwear-turned-fashion-brand Moncler is buying it from them in cash. It is buying the other 30% from Temasek, which also has a small stake in Moncler.

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December 7, 2020 at 5:48 AM PST Listen 2:59 This article is for subscribers only. Moncler SpA agreed to buy Stone Island, a rival maker of high-end sportswear, for 1.15 billion euros ($1.4.