(ANSA) - ROME, SEP 27 - After the surprise announcement late
Thursday that LVMH has acquired a 10% stake in Remo Ruffini's
holding company that controls 15.8% of Moncler, the Italian
luxury outerwear label's shares soared 11.
Shares of Bernard Arnault's French luxury giant also climbed
3.3% to 698.7 euros in Paris.
Under the deal, LVMH can gain a stake of up to 22% in the
investment vehicle that controls Moncler, Double R. (ANSA).
Moncler shares up 11% in early trading after LVMH deal
Arnault's group up 3.3% in Paris