Singaporean investment company Temasek has invested in Moncler, an Italian/French producer of luxury outerwear and apparel, via the acquisition of an equity stake in a newly incorporated investment company from Ruffini Partecipazioni.
The investment is Temasek’s first significant investment in an Italian company.
Established in 1952 in Grenoble, France, Moncler operates in over 70 countries throughout Italy, EMEA, Asia and the Americas through a network of mono-brand stores and luxury department and multi-brand stores.
Temasek’s head of Europe Tan Chong Lee says: “This investment represents Temasek’s largest commitment to an Italian company to date. Italy is home to leading consumer and industrial businesses that have considerable export and international growth potential.”
Temasek’s senior managing director for Europe and joint head of consumer Luigi Feola adds: “We are pleased to gain exposure to Moncler, a company with a long standing legacy and whose products are regarded for their quality and innovation. We welcome the opportunity to work alongside our partner Remo Ruffini and to support Moncler in the long term as it continues its global expansion.”
Temasek sees opportunities in leading European companies that are looking to expand and diversify their export markets to growth economies in Asia, Africa and Latin America. This would include consumer companies, where there is strong appeal around their brands in markets such as China.
