November 30, 2023

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Moncler maintains momentum and increases sales by 16% in the first nine months

Moncler maintains momentum and increases sales by 16% in the first nine months

Moncler, positive trend in the first nine months. The Italian luxury fashion company ended this period with an increase in its sales volume by 16%, with growth in its two brands: Moncler and Stone Island. In addition, the company has increased its sales volume in all markets in which it operates, with the exception of the American continent, where the company has advanced itself.

specific, The group’s sales volume in the first nine months amounted to 1,806 million euros, compared to 1,556 million euros for the same period in 2022. Through its namesake company alone, the company achieved sales of 1,496 million euros, a growth of 19%. For its part, Stone Island recorded sales of 310 million euros, or 2% more.

The Group recorded a growth of 29% in Asia, the region that increased its sales the most during this period and reasserted itself as the company’s main market in terms of sales volume. especially, The company’s sales in the region amounted to 705.2 million euros. Moncler highlighted its growth in China, whose similar base in the fourth quarter remains affected by the health restrictions imposed by the country in the first half of 2022.

In Europe, Africa and the Middle East, the company increased its sales volume by 18% to reach 573.1 million euros. Moncler has highlighted that Chinese, Korean and American consumers have contributed the most to the business in Europe. Due to the growth of tourism purchases in the region During the first nine months.

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On the American continent, the company reduced its sales slightly to 217.8 million euros. Compared to 218.2 million euros achieved by the company in the same period of the previous year. However, the company highlighted good development in the region’s retail sector during the third quarter.

At the end of September, Moncler had 339 stores of both brands worldwide.. Through its namesake company alone, the Italian company had a retail network of more than 200 stores, with a greater weight in Asia, where the company has 169 operational stores. In the multi-brand channel, the brand has 59 points of sale. For its part, Stone Island owns a commercial network of 77 stores, 43 of which are in Asia, its main commercial market.

Moncler was founded by René Ramillon and André Vincent in 1952 and is headquartered in Milan. In 2003, the company, which was on the verge of bankruptcy, passed into the hands of Remo Ruffini, the company’s current CEO.