Pin on 7415 Stone Island Spring Summer '021

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Stone Island was created in 1982 in a design lab in Bologna by Massimo Osti. The Italian's roots lay in industrial design, hence Stone Island became synonymous for its stripped-back aesthetic.

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As Moncler's first wholly-owned brand ( Moncler acquired a 49 per cent stake in womenswear brand The Attico in 2018 ), Stone Island marks the beginning of the company's ambitions to become a full-fledged luxury conglomerate.

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In the 19th century Giuseppe Rivetti - son of Giovanni Battista, the first carding machine operator in the Italian textile industry - carrying on the passion of his father, started to secretly sell cows from the family's farm to purchase looms.

Interview Stone Island, the brand adopted by the streetwear crew

23 February 2021 The deal, first announced in December of last year, will give Moncler the entire share capital of Stone Island and its parent Sportswear Company S.p.A. (SPW). The final 30 percent of the purchase is worth around €345 million ($419 million).

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Stone Island CEO Robert Triefus Maps Out Strategies. Ahead of Stone Island's first fashion show in Milan, the executive outlines the growth avenues for the brand. By Luisa Zargani. January 12.

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Cult sportswear brand Stone Island found a sweet spot in the age of luxury streetwear. With a €1.15 billion euro deal to acquire the label, Moncler is opening the door to become a multi-brand group. Cult sportswear brand Stone Island found a sweet spot in the age of luxury streetwear.

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Stone Island. It has been a monumental five years for one of streetwear's most lasting and iconic brands. Founded in 1982 by the late visionary Massimo Osti, Stone Island has long been a.

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History Designer Massimo Osti founded Stone Island in 1982, in Ravarino, Italy. He founded the brand to compliment his flagship label, C.P. Company, which he started in 1971. [6] Osti sold 50% of Stone Island to GFT (Gruppo Finanziario Tessile) in 1983, before selling the remaining half to GFT in 1991.

Pin on 7415 Stone Island Spring Summer '021

December 7, 2020 at 5:48 AM PST Listen 2:59 This article is for subscribers only. Moncler SpA agreed to buy Stone Island, a rival maker of high-end sportswear, for 1.15 billion euros ($1.4.

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CEO and owner Carlo Rivetti still owns just over 50% of Stone Island, and his family owners own an additional 19.9%. Skiwear-turned-fashion-brand Moncler is buying it from them in cash. It is buying the other 30% from Temasek, which also has a small stake in Moncler.

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Highsnobiety Being an Englishman in the streetwear scene, you notice that there's a bit of a one-way cultural conversation going on. Everyone knows American street culture. Pretty much the entire.

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Following Moncler's acquisition of smaller rival Stone Island for roughly $1.4 billion, Moncler's CEO and Chairman Remo Ruffini explains the future.

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In July 2017, the Rivetti family, shareholder of Sportswear Company S.p.A., that owns the Stone Island brand, reached an agreement to sell 30% of the company's shares to Temasek, an important investment company based in Singapore. In December of 2020, Stone Island announced its entry into the Moncler group.

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Report. Moncler has acquired the remaining 30 percent of the share capital of Sportswear Company S.p.A. (SPW) that owns the Stone Island brand, for a consideration equal to 345 million euros from Temasek. The company also signed an agreement for the purchase of the 70 percent stake held by Rivetex S.r.l. and the Rivetti family of SPW.

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Temasek owns shares in both SPW and Moncler, both directly and through Ruffini Partecipazioni.. Men's wear brand Stone Island was established in 1982, and it is known for its extensive.

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Down jacket maker Moncler is buying smaller Italian high-end streetwear and fashion brand Stone Island in a 1.15 billion euro ($1.4 billion) deal which could signal an intention to consolidate.