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Temasek picks stake in high end apparel retailer Moncler
02
Aug '16
Courtesy: Temasek
Courtesy: Temasek
Temasek has picked a stake in Moncler, an Italian- French retailer of high end apparel, through acquiring an equity stake in a newly incorporated investment company from Ruffini Partecipazioni.

The Singapore based investment company said this investment represents Temasek's first significant investment in an Italian company.

According to Temasek, Moncler operates in over 70 countries through a network of mono-brand stores and major exclusive luxury department and multi-brand stores.

“We see opportunities in leading European companies that are looking to expand and diversify their export markets to growth economies in Asia, Africa and Latin America,” Temasek added.

Temasek's head of Europe, Tan Chong Lee said, “This investment represents Temasek's largest commitment to an Italian company to date.”

Incorporated in 1974, Temasek is an investment company based in Singapore, with a $180 billion or €158 billion portfolio as at 31 March 2016. (AR)

Fibre2fashion News Desk - India

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