Moncler to Acquire 70% of Rival Stone Island’s Parent for $1.4 Billion

Two competing luxury sportswear brands, Moncler SpA and Stone Island, will live under the same roof in a deal valued at $1.4 billion. Moncler will acquire 70 percent of the ski wear brand’s parent SPW from owner Carlo Rivetti and members of his family. SPW in turn will acquire the remaining 30 percent stake from…