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Carlo Rivetti Speaks on the Stone Island and Moncler Deal: “Our Fans Have Nothing to Worry About”
8 days ago - By Hypebeast
The Moncler acquisition of Stone Island sent shockwaves through the streetwear world when it was announced last December. It was unexpected, to say the least: there had been no murmurings within the fashion industry, and no hints at a conversation between the two brands. Moncler had never even publicly expressed any interest in acquiring other brands, while Stone Island had long been proudly independent (although it had sold a minority stake to the Singapore-based Temasek in 2017 ).The merger, which Business of Fashion described as a “transformative move,” seemed to be a sudden one...
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