Liam Gallagher Favourite Stone Island Sells Stake To Singaporean Wealth Fund Temasek
An Italian menswear brand sported by Liam Gallagher, Drake, and even Alan Partridge, has discovered an investor within the type of Singapore’s sovereign wealth fund.
Stone Island, owned by Carlo Rivetti’s Sportswear Firm S.p.A.will sell a 30 per cent stake to the Singaporean state-owned funding fund Temasek.
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The casual model has a loyal following amongst male stars, with Liam Gallagher just lately outraged by the theft of his favorite Stone Island parkas from his lodge room during Glastonbury Festival.
Coats and jackets promote for upwards of £200, typically fetching £600 for premium fashions. The brand, which is greater cappello stone island bianco than 40 years outdated, was founded by Massimo Osti but is now run and designed by Carlo Rivetti.
C.P. Company, another fashion brand established by Osti, was bought by Hong Kong apparel group Tristate Holdings in 2015.
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Carlo Rivetti mentioned the deal to sell almost a 3rd of Stone Island to Temasek confirmed the brand’s strong growth potential. “I needed to both capitalise on the work done in 35 years and to group with a companion to face the increasingly advanced opportunities proposed by the markets,” he mentioned.