The owner of the Italian fashion house Moncler´s Mr Remo Ruffini said today that the company is not having any concrete takeover talks. He was referring to the news that the French luxury house Kering (KER) would be in talks to buy Moncler.
– In relation to the rumors reported by certain media, Mr. Remo Ruffini – in his capacity as shareholder of Moncler – would like to clarify that from time to time he maintains contacts and interacts with investors and other sector participants, including the Kering group, in order to explore strategic potential opportunities to further promote the successful development of Moncler. At the moment, however, there is not any concrete hypothesis under consideration, the company release stated later today.
Moncler´s (MONC) shares were slightly down from the highs and were trading up 7,03% to 41,56 euros in Milan on Thursday. The shares hit up over 10 % during the day after the possible takeover news. The French luxury house Kering´s (KER) stock was trading up 0,41 % to 540,30 euros in Paris.