MONCLER CHINESE STYLE

As part of its Genius project, Moncler has teamed up with Chinese designer, DingYun Zhang. The result of this collaboration is a capsule collection of a dozen voluminous down jackets resembling strange and fascinating sculptures, which will be launched in stores to day

The Beijing-based designer set his sights on fashion early on in his life; he first started to design sneakers while still in high school. Inspired by the painters Robert Rauschenberg and David Hockney, Ding moved to England to study fine art. He eventually went on to attend Central Saint Martins in London, where he studied Fashion Design and graduated in 2020.

During his studies, he was spotted by Kayne West’s brand, Yeezy, who recruited him to design for its shoe department. We know now that Kayne West is not a designer. He contributed to the success of a serie of the streetwear brand’s cult models, including the Yeezy 700 Wave Runner. This exposure gave him the opportunity to extend his projects into other fields through clothing collaborations, such as with Moncler.

MONCLER AQUIRE STONE ISLAND

Moncler SpA acquire Sportswear Company SpA, owner of the Stone Island brand. Carlo Rivetti, chairman and ceo of Stone Island, said the company’s headquarter in Ravarino “will remain the beating heart of the brand and a center of excellence that will be further enhanced and my team and I will continue, in our current roles, to do what we have been doing with great passion for many years.

The agreement was signed between Moncler and Rivetex Srl, a company referable to Carlo Rivetti, owner of a stake equal to 50.1 percent of Sportswear Company’s capital and other shareholders of SPW, referable to the Rivetti family, owners of a stake equal to 19.9 percent of SPW’s capital.

The agreement values Stone Island at 1.15 billion euros, corresponding to a multiple of 16.6 times 2020 EBITDA and a multiple of 13.5 times the estimated 2021 EBITDA. The consideration for the purchase of the shares will be paid in cash by Moncler.