Moncler is an Italian luxury fashion brand mostly known for its skiwear. Founded in 1952 by René Ramillon and André Vincent,[3] Moncler took its name from the abbreviation of Monestier-de-Clermont, an Alpine town near Grenoble, France. The brand was bought by Italian entrepreneur Remo Ruffini in 2003, transforming and reinventing the near-bankrupt company,[4] and listing it on the Milan Stock Exchange in 2013.