Founded in 1982 by Carlo Riveti, Stone Island will be taking new shape going forward after unexpectedly being purchased by Moncler for 1.4 Billion USD. The goal conveyed by Carlo Riveti and Remo Ruffini (CEO Of Moncler), is to embrace experientiality and inclusivity while fostering a sense of belonging to a community that mixes the diverse meanings and worlds of art, culture, music and sport. With the partnership, the Italian names will look to strengthen their ability to interpret evolving cultural codes for new generations while continuing to reinforce their position in the world of luxury fashion. Remo had this to say about the acquisition “We’re coming together at a challenging moment both for Italy and the world, when everything seems uncertain and unpredictable. But I believe it is precisely in these moments that we need new energy and new inspiration to build our tomorrow”