Kering may buy Moncler, Remo Ruffini’s 11 bln euro puffer jacket maker. A deal would help Kering diversify away from Gucci, but likely at a rich price. And extracting value from a company already at its peak would be hard, says LJucca:
French luxury conglomerate Kering, owner of the Gucci and Balenciaga brands, has held exploratory talks with Moncler about a deal to buy the Italian puffer coat maker led by Chairman and Chief Executive Remo Ruffini, Bloomberg reported on Dec.
4, citing people with knowledge of the matter.México Últimas Noticias, México Titulares
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