Gucci’s owner reportedly held talks to buy Moncler in a potential $12 billion deal

Gucci’s owner reportedly held talks to buy Moncler in a potential $12 billion deal

The luxury giant behind Gucci and Balenciaga held talks to buy Moncler in a potential 10.9 billion euro ($12 billion) deal, according to Bloomberg.

Senior executives at Kering and the Italian ski wear maker held “preliminary discussions about a combination,” but there’s no certainty a merger will happen, Bloomberg reported.

Moncler’s chairman and CEO, Remo Ruffini, will be a key factor in whether a deal is struck.

Markets Insider

https://markets.businessinsider.com/news/stocks/gucci-owner-kering-held-talks-buy-moncler-12-billion-deal-2019-12-1028740004

Kering-Moncler Deal News: Gucci Parent in Merger Talks – Bloomberg

https://www.bloomberg.com/news/articles/2019-12-04/kering-is-said-to-hold-exploratory-talks-on-deal-for-moncler