The Rivetti family becomes a direct shareholder of Moncler

The Rivetti family, which had sold Stone Island to the Moncler group in 2021, has withdrawn from the Double R holding company, which owned part of the luxury group. In return, however, they have become direct shareholders in the luxury down jacket specialist. The news was greeted coolly by the stock market.

The cards have been reshuffled in Moncler’s shareholding structure.

On Saturday February 24, the luxury down jacket manufacturer announced that the Rivetti family was to become its direct rather than indirect shareholder.

Grinta Srl, the Rivetti family’s investment vehicle, has notified its withdrawal from Double R, the holding company of Moncler CEO Remo Ruffini, which itself held 23.7% of Moncler shares.

In 2021, when Moncler acquired Stone Island three years ago from the Rivetti family, the latter obtained 16.5% of Double R’s shares.

This will soon be a thing of the past, as Double R is due to sell a number of Moncler ordinary shares to Grinta.

The same approach for Singapore’s Temasek

Back in January, Singapore’s sovereign wealth fund Temasek took a similar step, withdrawing from Double R to become a direct shareholder in the Italian fashion house.

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Featured Photo: © Moncler

Picture of Sophie Michentef
Sophie Michentef
Sophie Michentef has worked for more than 30 years in the professional press. For fifteen years, she managed the French and international editorial staff of the Journal du Textile. She now puts her press, textile, fashion, and luxury expertise at the service of newspapers, professional organizations, and companies.

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