LVMH Invests in Moncler Through Deal With CEO Remo Ruffini

LVMH is investing in designer outdoor label Moncler SpA in a deal that will give the French luxury company a seat on the Italian company’s board.

LVMH Moët Hennessy Louis Vuitton SE is buying a 10% stake in Double R, the investment vehicle controlled by Moncler Chairman and Chief Executive Officer Remo Ruffini, which itself owns a 15.8% stake in Moncler, the companies said in a statement Thursday. Financial terms of the deal weren’t disclosed.

Remo Ruffini

Photographer: Isabel Infantes/AFP/Getty Images

Moncler has become a popular brand, selling down jackets that can cost €5,500 ($6,147). Earlier this year, the label organized a glitzy fashion ...