Stone Island is an Italian Designer brand from Sportswear Company (SPW) based in Bologna.
Stone Island is an Italian luxury men's apparel brand from Ravarino. It was established in 1982. In December 2020, Stone Island was acquired by the Italian fashion house Moncler. From their inception, Stone Island has been known for their use of innovative fabrics and materials.
Designer Massimo Osti founded Stone Island in 1982, initially as a secondary line to complement his principal brand C.P. Company which he had started in 1971.[2]
In 1983 the company sold 50% of the business to GFT(Gruppo Finanziario Tessile), who acquired the rest of the company in 1991. Massimo Osti left the company in 1994, and in 1996 Paul Harvey took over as the brands designer, remaining until 2008. In 1993 GFT sold the company to Carlo Rivetti who also bought C.P. Company to form Sportswear Company SpA.[3]
In August 2017, Stone Island sold Singaporean Sovereign wealth fund Temasek Holdings a 30% stake in its business for a yet to be disclosed sum.[4]