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Moncler to buy Stone Island Sportswear brand for $1.4 billion

Moncler to buy Stone Island Sportswear brand for $1.4 billion

December 07, 2020

Moncler SpA agreed to buy Stone Island, a rival maker of high-end sportswear, for $1.4 billion (1.15 billion euros) in cash and shares, investing in a new platform for growth as the pandemic erodes demand for skiwear.

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