STONE ISLAND SELLS 30% STAKE TO TEMASEK
Stone Island was one of the first brands to connect the fields of technical wear, streetwear and high-fashion. Though recent collaborations with Supreme, Nike and Kith have already elevated the company's status and strengthened its position in the highly competitive fashion market, the latest investment shall help the brand to grow globally.
Singapore's sovereign wealth fund Temasek is to acquire a 30 percent stake in Stone Island for an undisclosed sum. It is the latest fashion investment for Temasek, which last year contributed to Farfetch's USD 110 million Serie F funding round and also holds stakes in Moncler and Dufry.