Moncler

Furla Owners Said to Be Considering Sale of Stake

Furla Owners Said to Be Considering Sale of Stake

MILAN — Furla’s owners are considering a sale of a stake in the Italian accessories company, according to market sources.Sources say Furla has tapped Lazard as its adviser and a dossier is circulating in Milan. It is also understood that former Valentino chief executive officer Stefano Sassi is consulting with Furla on a potential deal.
As reported, Sassi most recently worked with Etro and is said to have helped the Italian fashion brand achieve the sale of a 60 percent stake to private equity giant L Catterton last year, in a deal valued at 500 million euros. The executive joined Valentino in 2006 and was instrumental in leading and growing the company through the acquisition in 2012 by Mayhoola.

Furla had no comment on the speculation and a representative for Lazard could not be reached.

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“Obviously, an injection of capital is always useful and we know that many private equity funds are flush with cash now, but at Furla, I believe there is an issue of succession,” said a source, who spoke on condition of anonymity.
In 2016, owner Giovanna Furlanetto set in motion plans to take Furla public, but this project never materialized. “She changed her mind,” said the source, and “now is not the time to reconsider this decision.” Furla was founded in Bologna in 1927 by Aldo Furlanetto, Giovanna’s father. Her son Giuseppe Costato, who is one of the owners, is not involved in the company’s management.
“These are early days, she is testing the market. It is not clear whether she is seeking an industrial partner or merely someone to help finance the company’s development to be competitive in a crowded accessories arena. In any case, the brand’s appeal remains strong,” believes the source. Furla has a strong and expansive network of stores globally, with a solid business in Europe and growth potential in Asia-Pacific. Japan has historically been the company’s main single market.
In 2016, TIP Tamburi Investment Partners invested 15 million euros to issue a convertible loan for a capital increase, which would have been automatically swapped into Furla shares at an initial public offering that was supposed to happen within 2018 but never took place. At that time, TIP also committed to underwrite an additional 15 million euros on the day of the listing at the same economic conditions offered to the market. A further quota of shares would have been allotted to TIP and sources estimated another 15 million to 30 million euros would have been paid then. TIP, which included the Marzotto, Loro Piana and Ferragamo families among its investors, has over the years invested in Remo Ruffini’s holding company, Ruffini Partecipazioni, indirectly buying a stake in Moncler, Hugo Boss and Ferrari.
Furla is helmed by chief executive officer Mauro Sabatini, who in January last year succeeded Alberto Camerlengo, named executive president of the board. Sabatini leverages in-depth knowledge of both Furla and the leather goods industry. For more than 18 years, he was CEO of Effeuno, a leather goods manufacturing company he founded in Tuscany and Furla’s supplier and longtime partner.
In 2018, Furla took control of Effeuno, which is based in Tavarnelle Val di Pesa, a 40-minute drive from Florence. At the time, Effeuno already exclusively produced Furla’s accessories, employing more than 100 workers and producing 2 million bags and small leather goods a year. The takeover was part of Furla’s strategy to invest in Italy and to strengthen the group’s supply chain, boosting production.

As per the latest figures available, Furla group sales in 2019 totaled 502 million euros.

Mauro Sabatini and Giovanna Furlanetto
courtesy image

Is Moncler’s New Collab in Soccer?

Is Moncler’s New Collab in Soccer?

IT’S A MATCH: There’s no such thing as too many collaborations.
Moncler knows it best, having invited designers to team up with the brand and give their reinterpretation of its codes as part of the Moncler Genius project since 2018.
But what if the next genius could play soccer, too?
On Monday, speculation swirled around a possible capsule collection developed by Moncler with F.C. Internazionale Milano, best known as Inter and one of the two big soccer teams of Milan.
The speculation was initiated by an Instagram Story that showed a card featuring both parties’ logos posted by Mirko Borsche, founder of renowned graphic design studio Bureau Borsche. The Munich-based company offers design and communication consultancy for clients including the likes of Balenciaga, Givenchy, New Guards Group, Rimowa, Supreme and F.C. Internazionale Milano, for which the studio developed a new logo and fresh brand identity.

In another Instagram story, Borsche also shared a football scarf of the Milanese soccer club bearing a Moncler logo on one end. Tags on the image included Moncler, Borsche’s design studio and Federico Faldella, brand consultant at F.C. Internazionale Milano.

One of the Instagram stories shared by Mirko Borsche. 
@mirkoborsche

The speculation was reinforced by a similar post showing both logos shared by Federico Romeo, who, according to his LinkedIn page, serves as designer and material researcher at Sportswear Company SpA. Owner of the Stone Island brand, Sportswear Company was acquired by Moncler in December 2020 in a deal valued at 1.15 billion euros.

The news then popped up on a selection of Italian sports pages on Instagram, including the @surfasport account, which additionally wondered if the capsule collection will be unveiled during Milan Fashion Week, running Sept. 21 to 27.
As reported, last week the Italian fashion chamber unveiled a preliminary schedule of the event. Listed among the 42 IRL shows out of 61 total expected to be staged during the week, Moncler is slated to present its collections on Sept. 25.
Neither Moncler nor F.C. Internazionale Milano was reachable for comments on Monday evening as well as at press time on Tuesday.
If confirmed, the collaboration would follow Stone Island’s chairman and chief executive officer Carlo Rivetti‘s acquisition of Italian soccer club Modena F.C. in 2018 through his Rivetex Srl company. With the deal the Rivetti family wanted to reiterate its commitment to the city of Modena — in Italy’s Emilia-Romagna region — and its territory, considering that Sportswear Company SpA is headquartered in Ravarino, a 30-minute drive from Modena.
Rivetti joined a pool of Italian entrepreneurs venturing into soccer, including OTB founder Renzo Rosso, who took over the Vicenza Calcio SpA soccer club in 2018. Tod’s SpA’s chairman Diego Della Valle purchased Florence’s ACF Fiorentina soccer team in 2002 but sold the club in 2019.

Moncler Launches Jackets Entirely Made From Sustainable Materials

Moncler Launches Jackets Entirely Made From Sustainable Materials

MILAN — Moncler’s sustainability projects are taking shape through the first range of jackets made entirely of sustainable materials.
The jackets for men, women and children are all in black and embody three of the five pillars laid out in the Moncler Born to Protect plan revealed in October for a sustainable future: Climate action, circular economy and fair sourcing.
Every material in the Moncler Born to Protect jackets is sustainable. Fabrics and accessories, with the exception of down, are recycled ensuring a reduction of roughly 40 percent of carbon dioxide emissions.
Fabrics and accessories including zips and buttons are made of Econyl nylon, a regenerated nylon derived from ocean and land-based waste, ensuring the reuse of materials wherever possible.

As for all Moncler apparel, down is 100 percent DIST (Down Integrity System and Traceability) certified, ensuring traceability and high farming standards all along the supply chain. The down, derived exclusively from geese farmed for the purpose of meat, is a byproduct of the food chain. Starting from this month, Moncler will begin to recycle down that is DIST-certified. The down, through an innovative mechanical process, requires 70 percent less water compared with traditional down recycling processes. Since 2015, 100 percent of Moncler’s purchased down is traced and certified according to the DIST Protocol.

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The Moncler Born to Protect insignia is placed on the outside, while the Monduck detail is in the inside.
The research into sustainable materials is extended to the packaging: all paper is sourced from responsibly managed forests, and additionally to this, the shopping bags and gift boxes include recycled paper.
Men’s jackets range from the full-body protection of the voluminous Nicaise model, to the Gaite with a prominent front pocket, and the Dabos, which has a detachable hood and sleeves.
For women, the Teremba is a rolling down quilted jacket, the Lemenez a supersized and slimline protective shape, and the Gatope an all-purpose jacket cut at the hips.
The Gaite and Lemenez are shrunk in children’s sizes while the Hasan is the mini option for babies.
The Moncler Born to Protect jackets for men, women and children.  courtesy image

Being fair and ensuring trust means tracing and sourcing responsibly, according to the plan. For this reason, Moncler is aiming for 100 percent of key raw materials to be traced by 2023 and to have more than 80 percent of its strategic suppliers achieve the highest grades of the company’s social compliance standard by 2025.
Moncler in October mapped out its course under its Born to Protect Sustainability Plan, which extends to 2025 and, in addition to climate action, circular economy and fair sourcing, hinges on enhancing diversity and giving back to local communities.
As per the Nurture Genius project part of the plan, Moncler said it would establish a Diversity and Inclusion Council to boost cultural change, internally and externally. By 2022, 100 percent of employees will be engaged in a three-year cultural awareness plan. By 2023, a new organizational model based on cross-functional and cross-cultural working groups will be implemented.
With the sustainability plan, Moncler is setting a number of goals, which include becoming carbon neutral worldwide by 2021 and employing 100 percent renewable energy globally by 2023.

“The world is facing ever more urgent social and environmental challenges,” Remo Ruffini, chairman and chief executive officer of the company said at the time. “The pandemic is a reminder that we can, we must, always go beyond what we have already achieved if we are to make our future better. To rise to these great challenges, as individuals, as organizations and as companies, we must mobilize extraordinary energies. The kind that can only be generated by engaging people around common goals.”

Moncler Genius 2021 Presentation Moving to China

Moncler Genius 2021 Presentation Moving to China

MILAN — Moncler chairman and chief executive officer Remo Ruffini keeps the industry guessing.
In a surprise move, Moncler Genius is moving to China in 2021.
A few days before revealing the acquisition of the Stone Island brand in December in a deal valued at 1.15 billion euros, Moncler said it would present the Moncler Genius 2021 project with a new format and a new timing, as “a reflection of the moment,” when “change is faster” and “the times have accelerated.”
While Moncler Genius since its launch in 2018 has been presented in Milan in February, the 2021 edition will be held in September, in a nod to the beginning of the brand’s core winter season, and will consist of events broadcast from China across time zones to the world. At the same time, Moncler will retain a slot on the Milan Fashion Week calendar, to maintain a connection with its headquarters.

Moving to China is described as “an energy boost. The country is again extremely vital, and keeps flourishing with new ideas and a vibrant appetite for fashion. As such, it is a perfect launchpad for a global act meant to reach everybody and regain a sense of connection and community.”
While details are still scarce, Moncler has hinted at further strengthening its connection to the audience and the brand’s customer through “the expansive reach of digital communication,” as it moves east and it endorses “a broadcasting strategy.”

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Inclusivity is placed at the forefront of the strategy, as Moncler underscored that “the physical experience includes online participation and active interaction, and includes everybody.”
Ruffini began to evolve Moncler Genius with an increased focus on the brand’s customers last year. In February 2020, the executive started exploring new territories, launching a new product with luxury luggage brand Rimowa and collaborating with the JW Anderson label, founded by Jonathan Anderson.
The reasoning behind the new product, invented with Rimowa, was that the Genius project was developing and Ruffini said at the time that his “initial idea was to find creative talents that would bring a lot of energy to the brand and give voice to the roots of the brand — after all, our motto is ‘One House, Different Voices.’ Now we are giving voice to our customers.”
Looking at the Moncler Genius 2021 launch, sustainability will be key, in sync with Moncler’s Born to Protect sustainability plan, presented last October, and which focuses on five strategic drivers: climate action; circular economy; fair sourcing; enhancing diversity, and giving back to local communities. The Moncler Genius collections at the show will comprise sustainable looks developed according to the individual visions of each designer “each one targeting different demographics of clients, different inclinations and personalities.”
The lineup of designers for 2021 is still under wraps.
In addition to JW Anderson, the”different voices” of Moncler Genius 2020 included Sergio Zambon and Veronica Leoni for 2 Moncler 1952; Sandro Mandrino for 3 Moncler Grenoble; Simone Rocha; Craig Green; Matthew Williams of 1017 Alyx 9SM; Fragment Hiroshi Fujiwara; Richard Quinn, and Poldo Dog Couture. There was also an agreement with Mate.bike, exploring yet another sector beyond fashion and offering Moncler’s customers a different experience.

When commenting on the acquisition of Stone Island, Ruffini said he sees luxury going in a new direction, less traditional and more open to younger generations — in an area between Hermès and Nike: “It’s a new luxury, we must be part of it, with new energy — just as the one we felt when we started Genius.”

Moncler Partners With Electric Off-Road Racing Series Extreme E

Moncler Partners With Electric Off-Road Racing Series Extreme E

MILAN — As part of its commitment to sustainability, Moncler is partnering with Extreme E, the new electric off-road racing series that highlights the climate change challenges faced by different ecosystems.
Moncler will provide a dedicated uniform for Extreme E’s on-site team.
The co-branded uniforms include Moncler’s signature down jackets and outerwear as well as sweatshirts, T-shirts, soft-accessories and shoes for a mix of terrains.
“Not only are we heading to places like the Arctic in Greenland, where our team will need to be protected from the elements by the best-quality gear, but it’s also crucial that we work with brands that share our same environmental ethos,” said Alejandro Agag, founder and chief executive officer of Extreme E. “Moncler is certainly the best partner to support us on both these levels. Moncler’s latest sustainability commitment covers many aspects of Extreme E’s focus. From reducing emissions and utilizing clean energy to supporting local communities to embracing diversity — these are all things Extreme E stands for, too.”

Extreme E has set its environmental goals while delivering motorsport in the most sustainable way possible, from hydrogen fuel cells for car charging to no spectators on-site, and reducing the championships’ carbon footprint. As well as shining a spotlight on the environmental emergency, the series seeks to leave a long-lasting positive impact through its Legacy Programmes.

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Extreme E’s Legacy Programmes include national climate education for schools in Greenland with UNICEF, supporting agroforestry in the Amazon with The Nature Conservency, and planting a million mangroves in Senegal with the Oceanium NGO. The inaugural Extreme E season starts in March 2021 in Al-Ula, Saudi Arabia, before moving to Lac Rose, Senegal, in May; Kangerlussuaq, Greenland, in August, and the Amazon in Brazil in October, before the season finale in Patagonia, Argentina, in December.
Like Extreme E, Moncler aims to be carbon neutral in 2021 and use 100 percent renewable energy by 2023.
For the second consecutive year, Moncler topped the Dow Jones Sustainability Indices World and Europe as industry leader of the “Textile, Apparel & Luxury Goods” sector. In October, Moncler presented its new sustainability plan Born to Protect, which extends to 2025 and focuses on five strategic drivers: climate action, circular economy, fair sourcing, enhancing diversity and giving back to local communities.
As per the Nurture Genius project part of the plan, Moncler will establish a Diversity and Inclusion Council to boost cultural change, internally and externally, by January. This is also championed by Extreme E with its stipulation that each team must field a male and female driver in a bid to drive equality in motorsport.
Moncler is one of more than 30 fashion and textile companies that signed The Fashion Pact, launched at the last G7 in Biarritz, France, at the end of August last year.
Earlier this month, Moncler revealed it was taking over Sportswear Company SpA, owner of the Stone Island brand, in a deal valued at 1.15 billion euros.

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