By  on February 12, 2020

PARIS — Ever since Kering revealed last year that it was back in the market for acquisitions, speculation has been swirling over potential takeover targets, but chairman and chief executive officer François-Henri Pinault on Wednesday ruled out a takeover of Moncler.

Speaking after the French fashion house reported better-than-expected fourth-quarter results, Pinault said he maintained regular contact with Moncler chairman, ceo and shareholder Remo Ruffini, but clarified the conversations were linked to the Fashion Pact, the industry-wide environmental initiative spearheaded by Kering.

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