Kering Shuts Down Rumors of Moncler Acquisition

Kering chairman and chief executive officer François-Henri Pinault has confirmed to WWD that rumors of his company acquiring Italy's Moncler are greatly exaggerated. The rumblings boosted Moncler's shares as eager investors envisioned another industry shakeup, but Pinault has entirely refuted the claims.Speaking to WWD after revealing Kering's impressive Q4 results, Pinault insisted that "There is nothing on the table. We know each other, we appreciate each other," referring to Moncler CEO Remo...