Home / Knowledge / News / Apparel/Garments / Moncler sells sportswear business to Cavaliere Brands
Moncler sells sportswear business to Cavaliere Brands
29
Nov '13
Moncler S.p.A. announces that it sold the entire business of Industries Sportswear Company S.p.A. including the brands Marina Yachting, Henry Cotton’s, Coast Weber & Ahaus and the licence 18CRR81 Cerruti, to Cavaliere Brands (Italia) S.r.l., a company indirectly controlled by Emerisque Cavaliere Limited (Jersey) and advised by Emerisque Brands UK Limited (“Emerisque Brands”).

Immediately prior to the completion of the transaction, an SPV owned by Moncler shareholders Ruffini Partecipazioni s.r.l, ECIP M S.A (a company controlled by Eurazeo), CEP III Participations S.à r.l. SICAR (a company controlled by the Carlyle Group) and Goodjohn s.r.l. subscribed to a capital increase in Cavaliere Brands (Italia) S.r.l. and acquired a 30% stake in its share capital.

As of 31 December 2012, the turnover of the Sportswear Division (owned by Industries Sportswear Company), was equal to Euro 135 million. Moncler was assisted in the transaction by Bank of America Merrill Lynch as financial advisor and Latham & Watkins as legal advisor.

Emerisque Brands was assisted by Banca Imi as its financial advisor, EQUITA SIM spa as its debt advisor, Studio Alinovi, Guiotto, Ferrari & Mattioli for the financial due diligence, Norton Rose Fulbright Law Firm and Steptoe & Johnson LLP as legal advisors, while the commercial due diligence was carried out by Booz & Company.

About Moncler

Moncler was founded in France, in Monestier de Clermont, Grenoble, in 1952, and is currently based in Italy. Over the course of the years the brand has teamed style with ongoing technological research which harnesses the knowledge of mountaineering experts. The Moncler collections combine the requirements of extreme outwear with those of everyday city life.

About Emerisque

Emerisque was founded in 2004 and is a global investor geared towards the development and growth of the companies in its portfolio. Emerisque operates in the United Kingdom, the United States and Hong Kong with a focus on acquisitions and investments in medium-sized companies controlling renowned western brands and vertical retailers that have a critical mass in reference markets, but which also have the potential to quickly establish themselves in emerging countries and distribution channels.

Moncler

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search