Moncler sews up €1.15bn cash and share Stone Island buy as M&A ticks upwards

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Moncler sews up €1.15bn cash and share Stone Island buy as M&A ticks upwards

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LAS VEGAS, NEVADA, USA - 13 MAY, 2019: Moncler store in Wynn hotel in Las Vegas. Moncler is an Italian apparel and lifestyle company founded in 1952 by Rene Ramillon most known for its down jackets and sportswear. | Mariakray - stock.adobe.com

Moncler, the Italian luxury jacket maker, has agreed to buy smaller domestic rival Stone Island in a €1.15bn cash and share deal, as corporate bankers expect cheap debt and Covid-19 recovery to create many M&A opportunities.

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