Monday, August 11, 2008

cold in NY

it was cold in NYC this story caught my eye...$80 billion private equity firm The Carlyle Group just announced plans to acquire a 48% stake in Moncler,(i love their coats) 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. I need a new Moncler!!