LVMH Invests in Luxury Outerwear Label Moncler Through New Deal

LVMH has a seat on the board of Moncler, an outdoor brand largely known for its ski jackets. The French fashion conglomerate acquired a 10% stake in the investment vehicle Double R, which is a partial owner of Moncler.Owned by Moncler CEO Remo Ruffini, Double R has a 15.8% stake in the Milan-based label. The investment deal was organized by Ruffini, who is also the outerwear brand's largest stakeholder.Double R's stake in the brand is expected to grow to over 18%, however, as the investment vehi...