MILAN — Tamburi Investment Partners SpA, or TIP, has bought an indirect stake in Moncler.
The independent investment-merchant bank headed by Giovanni Tamburi has bought 14 percent of Ruffini Partecipazioni Srl, which in turn owns 32 percent of the luxury outerwear brand. TIP paid 103 million euros, or about $137 million at current exchange, for the stake in Ruffini Partecipazioni, which is the holding company for the investments of Moncler chairman and creative director Remo Ruffini. TIP made the investment through its Clubsette firm.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"