Strategic Partnership: LVMH Backs Remo Ruffini to Expand Stake in Moncler
Remo Ruffini has enhanced his influence over Moncler by partnering with LVMH, which acquired a 10% stake in Ruffini’s investment vehicle, Double R. This partnership will allow Ruffini to increase his holdings in Moncler to up to 18.5%. Moncler has shown impressive growth, with substantial increases in revenue and earnings, making this strategic alliance with LVMH significant for its future growth and stability. This collaboration is in line with LVMH’s strategy of supporting successful independent luxury brands, ensuring their continued success and innovation in the luxury sector.
#LuxuryFashion, #Moncler, #LVMH, #RemoRuffini, #FashionIndustry, #StrategicPartnership, #LuxuryBrands, #Investment, #BusinessStrategy, #IndustryLeaders
Chanel and L’Oréal Heirs Invest in The Row, Valuing the Olsen Twins’ Brand at $1 Billion
The Row, established by Mary-Kate and Ashley Olsen in 2006, has attracted significant investment, valuing the brand at $1 billion. Known for its minimalist luxury fashion, The Row has expanded globally with boutique stores in major cities. The investment was spearheaded by the Wertheimer brothers through Mousse Partners and Francoise Bettencourt Meyers via Téthys Invest, emphasizing the brand’s robust position in the luxury market. Despite new stakeholders, the Olsen twins retain majority control, ensuring their ongoing influence in the brand’s future.
#TheRow, #LuxuryFashion, #OlsenTwins, #Investment, #FashionIndustry, #Chanel, #LOreal, #BusinessGrowth, #MinimalistStyle
L Catterton Acquires Majority Stake in Kiko Milano
L Catterton, a private equity firm supported by LVMH Moët Hennessy Louis Vuitton, has acquired a majority stake in the Italian beauty company Kiko Milano. Established in 1997 by Antonio and Stefano Percassi, Kiko Milano has grown to achieve significant global presence, with sales reaching €798 million in 2023, up 19% from the previous year. The deal is expected to further expand Kiko Milano's reach, particularly in the U.S., leveraging L Catterton’s extensive experience in scaling consumer brands. The Percassi family will maintain a minority stake, with Antonio Percassi continuing as president and Simone Dominici as CEO.
#LCatterton, #KikoMilano, #BeautyIndustry, #BusinessAcquisition, #GlobalExpansion, #ItalianBeauty, #Cosmetics, #InvestmentNews, #MarketGrowth, #StrategicPartnership