LVMH has completed building its position in Moncler , and the investment agreement between Moncler chairman Remo Ruffini and the French luxury giant has therefore lapsed, but only insofar as it governed the purchase of shares in the Italian company by Ruffini’s holding company, Double R, in order to accommodate LVMH.

The news comes via a paid notice, which explains that, following completion of the purchases and Double R’s capital increase, the provisions of the shareholders’ agreement governing this transaction cease to have effect, while the shareholders’ agreement between the same parties otherwise remains in force.

This is the transaction, announced last year, through which the French group entered Moncler, where it has now indirectly reached 4 per cent of the share capital. Dou

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