Moncler invests in production facility in Romania
Italian luxury house of Moncler has recently acquired a production facility in Romania in the Bacau county. The production facility employs 600. The value of the transaction is estimated at 1,8 million euros. The recent acquisition was made by Industries Yield srl, a Romanian entity controlled by Moncler. The latest acquisition is part of a broader investment totaling 5 million euros. Romanian media reports that the investment was partially subsidized by the State authorities.