MILAN Nov 8 Luxury down jacket maker Moncler
has sold its sportswear division to a company controlled by
private equity fund Emerisque Brands, it said on Friday without
giving financial details of the transaction.
A statement from Moncler said that its shareholders had also
acquired a 30 percent stake in Cavaliere Brands, the company to
which it sold the sportswear business.
The sportswear division, including brands such as Marina
Yachting and Henry Cotton's, had turnover of 135 million at the
end of 2012, said Moncler, which is in the process of listing on
the Milan stock exchange.
(Reporting by Silvia Aloisi; Editing by David Goodman)