Milan (Reuters) – LVMH, entered in 2024 in the capital of Moncler as a minority action, proposed Alexandre Arnault as a member of the board of directors of the group specializing in high -end winter clothing, watch published on Wednesday evening on the Italian group’s website.
Moncler shareholders must meet on April 16 to vote on the increase in the number of members of the board of directors from 12 to 15 and on the appointment of new members.
Alexandre Arnault, one of the five sons of Bernard Arnault, the CEO of LVMH, was recently appointed Deputy Managing Director of Moët Hennessy, the group’s alcohol division, which weighs 5.86 billion euros and markets among others Champagne Moët & Chandon and Cognac Hennessy.
LVMH acquired a 10% stake last September in Double R, the investment vehicle controlled by the holding hold of Remo Ruffini, which currently has a 16.9% stake in Moncler.
Within the framework of this transaction, LVMH obtained the right to appoint two members of the Board of Directors of Double R and a member of the board of directors of Moncler.
(Elisa Anzolin report, Diana Mandiá, edited by Kate Entringer)
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