Moncler
Moncler is an Italian luxury fashion brand with French origin mostly known for its skiwear. Founded in 1952 by René Ramillon and André Vincent, Moncler took its name from the abbreviation of Monestier-de-Clermont, an Alpine town near Grenoble, France. The brand was bought by Italian entrepreneur Remo Ruffini in 2003, transforming and reinventing the near-bankrupt company, and listing it on the Milan Stock Exchange in 2013. In December 2020, Moncler purchased a 100% stake of Italian luxury sportswear brand Stone Island in a reported €1.15 billion acquisition. History. The name is an abbreviation of Monestier -de-Clermont, a village in the mountains near Grenoble, France. The first quilted jackets were conceived for protecting workers from the cold. They used the jackets on top of their overalls in the small mountain establishment. The first to note them and realize their potential was French mountaineer Lionel Terray. The result saw the specialist range "Moncler pour Lionel Terray". In 1954, Moncler quilted jackets were chosen to equip the Italian expedition to K2, which culminated with the conquest of the earth's second-highest summit by Achille Compagnoni and Lino Lacedelli. Moncler also accompanied the French expedition which reached  the summit of Makalu in 1955 and was the official supplier for expeditions in Alaska organised by Lionel Terray in 1964. On occasion of the Grenoble Winter Olympics in 1968, Moncler became the official supplier of the French national downhill skiing team. In 2003, Moncler was bought out by Italian entrepreneur Remo Ruffini, chairman and CEO, who was to introduce the strategy of the global quilted jacket. An IPO of Moncler on the Milan Stock Exchange took place on 16 December 2013, with an initial value of €10.20 per share. The shares were 27 times oversubscribed and rose 47 % on the first day, resulting in a market capitalization of more than €4 billion. In February 2018 Moncler launched the Moncler Genius project, a new creative and business model where well-known designers create distinct collections interpreting Moncler's identity that are released on a monthly basis. In December 2021 Moncler became the official formalwear partner of Italian football club giant Inter Milan, creating a connection between sport and fashion in the city they both call home. Collections. In 2018 Remo Ruffini conceived the Moncler Genius project, where designers create collections interpreting Moncler's identity that are released on  a monthly basis. Collaborations. The following photographers have collaborated with Moncler for institutional campaigns: Counterfeiting. To deal with counterfeiting, the company instituted an online code verification system to check purchased products.