Liam Gallagher Favourite Stone Island Sells Stake To Singaporean Wealth Fund Temasek
September 5, 2018
An Italian menswear model sported by Liam Gallagher, Drake, and even Alan Partridge, has discovered an investor within the form of Singapore’s sovereign wealth fund.
Stone Island, owned by Carlo Rivetti’s Sportswear Firm S.p.A., will promote a 30 per cent stake to the Singaporean state-owned investment fund Temasek.
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The informal model has a loyal following amongst male stars, with Liam Gallagher recently outraged by the theft of his favorite Stone Island parkas from his resort room throughout Glastonbury Festival.
Coats and jackets promote for upwards of £200, typically fetching £600 for YORK premium fashions. The model, which is greater than 40 years previous, was founded by Massimo Osti however is now run and designed by Carlo Rivetti.
C.P. Company, another fashion brand established by Osti, was purchased by Hong Kong apparel group Tristate Holdings in 2015.
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Carlo Rivetti said the deal to promote nearly a third of Stone Island to Temasek confirmed the model’s sturdy progress potential. “I wanted to each capitalise on the work achieved in 35 years and to staff with a partner to face the more and more complex opportunities proposed by the markets,” he stated.
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