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Moncler Group sells stake to Eurazeo

Moncler Group, the luxury sportswear group which owns brands including its eponymous label, Henry Cotton’s, Marina Yachting, Coast Weber & Ahaus and operates a 18CRR81 Cerruti licence, has sold a 45% stake in the group to French-based investment company Eurazeo for €418m (£372.2m).

As a result of the sale, Remo Ruffini, chairman and creative director of Moncler, will retain a 32% stake in the company while priavte equity firm, the Carlyle group, retains a 17.8% stake.

Eurazeo said it would support the strategy of Ruffini and his management team at Moncler including further expansion in China and the US.

Ruffini said: “Eurazeo completely shares our long-term view and our ambition to establish Moncler as a leading luxury apparel group. Eurazeo will contribute, together with Carlyle, to strengthen the company, support our successful strategy and capture the fullpotential of international growth opportunities we have ahead of us.”

In April this year it was reported that Moncler Group was poised to float on the Italian stock exchange, with a value of up to €1.1bn (£965.8m). “The listing of the company remains a strategic objective and we will continue to monitor opportunities in the public markets,” said Ruffini.

The Moncler Group was founded in 1952 and has 55 stores across Europe, Asia and the US as well as a large wholesale network.

The group reported a 47.9% increase in net profits in 2010 to €52.2m (£45.8m) for the year ended December 31. EBITDA rose by 32.4% to €102.1m (£89.6m) and operating profit rose 36.4% to €88.8m (£77.9m).

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