Kering Reportedly in Talks with Moncler for Potential Deal

Moncler SpA could be the latest fashion brand to get scooped up by a luxury conglomerate, as sources have told Bloomberg that the Italian skiwear and outerwear brand recently held a preliminary conversation with Kering SA to discuss a potential deal. According to Bloomberg, Moncler's shares have seen a 33% spike this year, leading to a market value of approximately $11 billion USD. An investment vehicle controlled by Moncler CEO Remo Ruffini currently owns 22.5% of Moncler, meaning the executive...