Moncler Posts Smaller Than Forecast Decline in Quarterly Revenues

Revenues at Italian luxurious outerwear group Moncler fell 1 % at fixed change charges in the third quarter, hit by weak vacationer demand in Europe and Japan regardless of a rise in gross sales in the Americas.

The Milan-based group, greatest recognized for its glamorous puffer jackets, posted revenues of €616 million ($718 million) for the July-September interval, above a company-provided analyst consensus forecast of €604 million.

Revenues on the Moncler model held regular in Asia — an space that accounts for roughly half of the full — as China continued to outperform the remainder of the area the place Japan and Korea as an alternative carried out weakly.

By Elisa Anzolin; Editor: Valentina Za

Learn extra:

How to Bring the Joy Back to Fashion Marketing

Moncler’s autumn marketing campaign, that includes actors and very long time mates Robert De Niro and Al Pacino, struck an emotional chord with audiences by showcasing true friendship.