Business Of Fashion : Moncler Acquires Stone Island

Moncler Acquires Stone Island
The Italian brand founded by Carlo Rivetti and Massimo Osti blurs the lines between technical wear, streetwear and fashion.

Moncler will acquire rival Stone Island in a transaction valuing the Italian sportswear brand at 1.16 billion euros, the companies said in a statement Monday.

Stone Island’s sales grew 1 percent to 240 million euros in the 12 months ending October 2020, with 28 percent EBITDA, a measure of profit.”

We’re coming together at a challenging moment both for Italy and the world,” Moncler’s chairman and CEO Remo Ruffini said.

>>> Stoxx 600 Pre-Market Indications

  • Orange (FTE TH) +4.6%
    • Nokia Will Lead a 6G Wireless Network Project for European Union
  • Reckitt (3RB TH) +3.4%
    • Reckitt Presentation Morgan Stanley Virtual Global Consumer
  • Carnival Plc (POH1 TH) +3.3%
  • AstraZeneca (ZEG TH) +2.8%
    • AstraZeneca Up to Overweight With Buying Opportunity Seen: MS
  • IAG (INR TH) +2.8%
  • Glaxo (GS7 TH) +2.5%
  • Essity (ESWB TH) +2.4%
  • NatWest (RYS1 TH) +1.9%
  • BAT (BMT TH) +1.8%
    • BRITISH AMERICAN TOBACCO PLC - Quarterly Dividends for the year ended 31 December 2019: Payment No. 4 – February 2021
  • Experian (J2B TH) +1.7%
  • United Internet (UTDI TH) -1.3%
  • Equinor (DNQ TH) -1.3%
  • Leonardo (FMNB TH) -1.4%
  • Amplifon (AXNA TH) -1.5%
  • Carl Zeiss Meditec (AFX TH) -1.5%
  • ProSieben (PSM TH) -1.6%
  • Grand City Properties (GYC TH) -1.6%
    • Grand City Properties Cut to Hold at HSBC; PT 22.50 euros
  • Umicore (NVJP TH) -1.9%
  • Zalando (ZAL TH) -2%
    • Zalando Co-CEO Rubin Ritter to Step Down in 2021
  • Hiscox (H2X3 TH) -2.1%

>>> TradeGate Pre-Market Indications

DAX:
  • Linde (LIN TH) +0.8%
    • Linde Raised to Overweight at Barclays; PT $285
  • BASF (BAS TH) -0.7%
  • Continental AG (CON TH) -0.7%
  • Daimler (DAI TH) -0.8%
    • Daimler CEO Says Painful Overhaul Is Starting to Bear Fruit
  • VW (VOW3 TH) -0.8%
  • BMW (BMW TH) -0.9%
    • Brilliance Auto Group’s Creditors to File Debt Claims by Feb. 24
MDAX:
  • CTS Eventim (EVD TH) +2%
  • Metro AG (B4B TH) +1%
  • Grenke (GLJ TH) +0.9%
  • Uniper (UN01 TH) +0.9%
  • Hugo Boss (BOSS TH) -1.2%
  • Zalando (ZAL TH) -1.3%
    • Zalando Co-CEO Rubin Ritter to Step Down in 2021
  • Aixtron (AIXA TH) -1.3%
  • ProSieben (PSM TH) -1.4%
  • Aareal Bank (ARL TH) -1.4%
SDAX:
  • Bilfinger (GBF TH) +6.1%
    • Expects capital gain of more than EU200m from Apleona transaction
  • Zeal Network (TIMA TH) +4.1%
  • Jungheinrich (JUN3 TH) +2.7%
  • Dermapharm (DMP TH) +1.8%
  • Encavis (CAP TH) +1.8%
  • Deutsche Euroshop (DEQ TH) -1.5%
  • 1&1 Drillisch (DRI TH) -1.6%
  • Kloeckner (KCO TH) -2%
  • Hornbach Baumarkt (HBM TH) -2.2%
  • Corestate (CCAP TH) -2.6%

>>> What to look at today - 7th of December 2020

A global equity rally showed signs of stalling Monday as investors weighed signs the deployment of a vaccine may be nearing against renewed U.S.-China tensions. Treasuries were steady with the benchmark yield near its highest in nine months at just under 1%.
Asian shares traded mixed with Hong Kong stocks underperforming, while U.S. and European contracts edged down. The S&P 500 Index notched a fresh all-time high on Friday. Testing the positive sentiment Monday was news that the U.S. is preparing sanctions on some Chinese officials. The yen ticked higher and the dollar traded flat.
Elsewhere, oil edged lower after a fifth straight weekly advance. Australian bonds fell. The pound pared an early decline amid concern about a Brexit deal.

Nikkei -0.78% Hang Seng -1.39% CSI -0.56% Shanghai -0.52% Shenzen +0.09%

Eur$ 1.2121 CNH 6.5178 CNY 6.5346 JPY 103.99 GBP 1.3424 CHF 0.8908 RUB 74.1265 TRY 7.8142 WTI$ 46.09 +0.99%

S&P -0.28% Nasdaq -0.06% EuroStoxx -0.37% FTSE +0.15% Dax -0.35% SMI -0.05%

Macro :
- Water Futures to Start Trading Amid Growing Fears of Scarcity
- The Emerging-Market Rally Is Starting to Stir Longevity Doubts
- Iran Prepares to Raise Oil Production as Biden Presidency Nears
- Billionaire Steinmetz to Appear at Swiss Trial, Reuters Says
- Airbnb, DoorDash Boost Price Ranges Ahead of Mega Week for IPOs

Keep an eye on :
- ARYN SW : Elliott Is Said to Make Binding Offer for Swiss Baker Aryzta
- ARYN SW : Arytza Confirms Conditional Offer From Elliott at CHF0.80/Share
- ATC NA : Altice Europe Buy Out Challenged by Winterbrook Capital: FT (article attached)
- BALN SW : Baloise Nominates von Planta to Succeed Burckhardt as Chairman
- BAYN GY : Bayer, Atara Enter Partnership for T-Cell Therapies for Tumors
- BMPS IM : Monte Paschi May Cut 6,000 Jobs If No Partner Found: La Stampa
- CYAD BB : Celyad Ends Candidate Cyad-01 Based on Phase 1 THINK Trial
- CSGN SW : Credit Suisse’s Rohner Signals Bank May Mull Merger With UBS
- DAI GY : Daimler CEO Says Painful Overhaul Is Starting to Bear Fruit
- ELM LN : Elementis Rejects Third Offer From Mineral Technologies (1)
- EQT SS : Private Equity Firm PAI Is Said to Near Deal for EQT’s Apleona
- EUCAR FP : Europcar Mobility Group Reports Conclusion of Amendment Pact
- H24 GY : Home24 Unit Mobly Prepares Public Listing in Brazil
- INTER NA : Intertrust Plans to Name Iyer as CEO; Miller to Step Down
- KSP ID : Kingspan, Standard Industries Said to Vie for Bridgestone Unit
- NOKIA FH : Home of Nokia Is Set to Pass 5G Security Law Locking Out Vendors
- NOKIA FH : Nokia Will Lead a 6G Wireless Network Project for European Union
- NOVOB DC : Novo Nordisk Gets FDA OK for Saxenda for Patients 12 and Older
- OCY NO : Ocean Yield Asset Sale to Incur Non-Cash Loss of $70M in 4Q
- OMV AV : OMV May Name Borealis’ Stern to Board this Week, Kurier Reports
- PNDORA DC : Pandora Confirms Financial Guidance After ‘Strong’ Online Sales
- PAH3 GY : Porsche Opens Own Storage Amid Pandemic, Automobilwoche Reports
- ROG SW : Regeneron Must Face Justice Department Lawsuit Citing Kickbacks
- SIE GY : Siemens Approached on Interest to Sell Gamesa: Expansion
- SHBA SS : Swedish Banks Told to Drop Dividend Plans Amid Uncertain 2021
- GLE FP : SocGen Sees EU450M Savings From Retail Networks Merger: Echos
- GLE FP : SocGen: ECB Notified CET1 Ratio Requirement 9.03%
- UBSG SW : Credit Suisse’s Rohner Signals Bank May Mull Merger With UBS
- VMUK LN : Virgin Money Among Banks Expected to Join Race for TSB: Reuters
- WDI GY : Singapore Adds Charges Against Director in Wirecard Case (1)
- ZAL GY : Zalando Co-CEO Rubin Ritter to Step Down in 2021