Senior executives at Moncler and Kering have held exploratory talks about a “combination,” but there is no indication that it could lead to a purchase, Bloomberg reported. Shares in the Italian skiwear brand, which is valued at $11.9 billion, rose up to 10% on Thursday morning. Kering would need to win the backing of Moncler’s majority shareholder Remo Ruffini for a deal to go ahead. Moncler said in a statement that there is currently "no concrete hypothesis" under consideration. Fun fact: Moncler, launched in 1952, is named after Monestier-de-Clermont, a village in southeastern France near Grenoble.

Source: Forbes December 05, 2019 12:22 UTC