LVMH completed the acquisition of a 10% stake in Double R.

LVMH, a French multinational luxury goods conglomerate, completed the acquisition of a 10% stake in Double R, an investment vehicle controlled by Ruffini Partecipazioni and owning a direct 15.8% stake in Moncler. Financial terms were not disclosed. “Moncler has been one of the most significant entrepreneurial success stories in the industry over the past twenty years. Remo Ruffini’s vision and leadership are remarkable and I am delighted to invest in his holding company to reinforce his position as leading shareholder on Moncler and support the independence of the Moncler Group,” Bernard Arnault, LVMH Chairman and CEO.