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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)