An Italian investment firm, Tamburi Investment Partners (TIP), has paid €103 million for a 14 percent stake in Ruffini Partecipazioni, the company through which Remo Ruffini controls 32 percent of Moncler. Ruffini is also Moncler's chairman and creative director. TIP's investment suggests a mid- to long-term vision for the brand as well as Ruffini's intention to remain firmly at the helm of the company. The Moncler group was valued around €2.3 billion in the transaction. The group, which also has labels such as Henry Cotton's, Marina Yacthing, Coast Weber & Ahaus as well as the Cerruti 1881 license, saw annual revenues increase from €432 million to €624 million between 2010 and 2012. The investment was made via Clubsette, a company that was specially created for this purpose, 52.5 percent of which is owned by TIP. Tamburi Investment Partners is a rather atypical investment fund structured upon family capitalism, aggregating about a hundred Italian industrial families. TIP had a stake in Printemps, the French department store chain, through the Borletti family, who recently sold Printemps to Qatari investors, resulting in a €33 million gain for the investment fund.

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