Moncler CEO Responded Again To The Takeover Rumor: It Is Not Ruled Out That There May Be No Specific Plan Yet.

RemoRuffini, chief executive of the Italy luxury brand Moncler, the largest shareholder of the group, said he did not rule out the possibility of an alliance with another group in the future, but reiterated that there were no specific plans yet.

At the Milan fashion week, RemoRuffini told reporters at the show gap: "of course I am looking for a new chapter for Moncler. We do not have to be part of a larger group. "

He added: "we do not rule out any possibility, but we have not reached any substantive content at present."

Since media reports last December that Kering and Moncler had made exploratory negotiations, speculation about Moncler's possible takeover target has been rising. Moncler is one of the most successful fashion groups in recent years.

Since then, both groups have poured cold water on the merger rumours. RemoRuffini said in December last year that it would "keep in touch and interact with investors and other peers including Kai Yun group" to explore potential strategic opportunities and further promote the successful development of Moncler. However, no specific assumption has been taken yet.

In February 12th, Fran ois-HenriPinault, chairman and chief executive officer of Kai Yun group, also clarified the issue by issuing the opportunity of the 2019 annual report. For the group, the most important thing at the moment is to ensure the long-term sustainable development of its brand. (see historical report: MonclerCEO responds to takeover rumours: from time to time there will be talks with investors such as Kai Yun, but no agreement has been reached; Kai Yun group clarifies the rumor of buying Moncler to ensure long-term sustainable development of its brand is the top priority).

RemoRuffini also said he plans to introduce a loyalty stock plan to increase his voting rights from 19.6% to 29%, but the plan has nothing to do with M & A projects. He added that the plan would reward long-term investors and give him greater leverage to implement the current group growth strategy.