Carlyle Group Buys Stake in Luxe Sport Label Moncler

$80 billion private equity firm The Carlyle Group just announced plans to acquire a 48% stake in Moncler, the French luxury sport label founded in 1952 famed for its stylish down jackets. In fact, Moncler claims credit for inventing the down-filled ski jacket, which it has supplied to French Olympic teams for the winter games since the 1960s. The jackets have become extremely fashionable and can be seen on the slopes from Aspen to Gstaad. The company has collaborated with the likes of Balenciaga, Yohji Yamamoto and Fendi. It's high-end Gamme Rouge line is designed by Italian fashionista Giambattista Valli. "Moncler is a historic sport luxury garment brand that has returned to play a relevant and prestigious role in the market," Carlyle Group managing director Marco De Benedetti said in a statement, noting plans for expanding the company globally.