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The global fashion business journal

Sep 27, 20208:09pm

Moncler increases its revenue by 10% in third quarter boosted by Asia

The Italian luxury fashion company had a revenue of 995.2 million euros, compared to 872.6 million euros in the same period last year.

Oct 25, 2019 — 4:13pm
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Moncler increases its revenue by 10% in third quarter boosted by Asia

 

 

Moncler closes the first nine months on the rise. The Italian company has ended the period with a growth of 14% of its revenue, up to 995.2 million euros, compared to 872.6 million euros in the same period last year.

 

By region, Asia has been where the group’s sales have registered a better performance. In the region, the company has raised its revenue by 59%, to 403 million euros. In Italy, its local market, the company has grown 6%, while in Europe and America, the company has grown 11% and 15%, respectively.

 

The company, known for its puffer jackets and winter sports attires, increased its revenue by 16% in its directly operated stores, while the wholesale channel grew 11% in the period. “Moncler has recorded double-digit revenue growth in the third quarter of 2019, despite unexpected external events which affected our performance,” stated Remo Ruffini, chief executive officer of Moncler.

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