Moncler to acquire the remaining 30% stake in Stone Island from Temasek for $411m.

Moncler, an Italian luxury fashion brand, agreed to acquire the remaining 30% stake in Stone Island, a maker of high-end sportswear, from Temasek, an investment company, for $411m. When the deal closes, the Rivetti shareholders and Temasek will subscribe an amount equal to 50% of the consideration of the deal. The Rivetti shareholders will receive 10.7m shares, while Temasek will receive 4.6m, for a total of 15.3m.