Signs of recovery in China’s luxury market are becoming increasingly clear as fashion brands report encouraging results for 2024. Moncler, the Italian luxury outerwear giant, posted annual revenues of 2.7 billion euros, reflecting an 8 percent increase at constant currency compared to 2023. The Asia-Pacific region was a key driver of this...
14 Feb 2025
Moncler S.p.A. reported consolidated group revenues of €3,108.9 million in 2024, a 7% increase at constant exchange rates (+4% at current exchange rates) compared to €2,984.2 million in 2023. Group EBIT reached €916.3 million, compared to €893.8 million in the previous year, representing a 29.5% margin on revenues, compared to 30% in 2023,...
13 Feb 2025
Rod Manley, a standout executive in luxury fashion communications and marketing, has been named Moncler’s international chief brand officer, effective Monday, January 20, according to exclusive information obtained by WWD. The newly created position will place Manley under the direct supervision of Gino Fisanotti, Moncler’s chief brand officer...
21 Jan 2025
European real estate fund manager The Valesco Group, a portfolio company of New World Group, has acquired a majority stake in a 200-million-euro state-of-the-art office building being developed by Covivio SA, which will serve as the global headquarters for luxury fashion brand Moncler in Milan. Located in Milan's Symbiosis district, the 409,000...
5 Dec 2024
Remo Ruffini, chairman, chief executive officer and creative director at Moncler SpA, will be honoured with the Trailblazer Award for his “pioneering leadership and creative vision" at the Fashion Awards. In a statement, the British Fashion Council (BFC) said that Ruffini is being honoured for his role in the Moncler global brand reset,...
21 Nov 2024
A new report has suggested that Italian outerwear specialist Moncler is not in talks to take over British heritage brand Burberry. This is according to Reuters, which cited four sources close to the matter responding to prior media speculation. Rumours of the alleged acquisition talks began circulating earlier this month when industry blog Miss...
12 Nov 2024
Burberry’s struggles in recent years have been no secret. Despite the appointment of a new creative director and chief executive officer, its financials have remained somewhat lacklustre, leaving it in a vulnerable position for a potential takeover. And rumours have begun to swirl that down jacket specialist Moncler could be none other than its...
4 Nov 2024
Moncler Group revenues of 1,865.7 million euros in the first nine months, increased by 6 percent at cFX and 3 percent at current exchange rates. In the third quarter, group revenues were 635.5 million euros, down 3 percent cFX. Moncler brand revenues were 1,573.3 million euros and Stone Island brand revenues of 292.4 million euros. The Moncler...
30 Oct 2024
Italian luxury brand Moncler has announced plans to open what will become its largest store across its retail network, scheduled to be unveiled in early 2026 in New York City. The label revealed that it had signed a lease agreement for a unit on Fifth Avenue in the General Motors building, where the new flagship store is to be housed. Once...
30 Sept 2024
LVMH has purchased a 10 percent stake in Double R, the investment vehicle controlled by Remo Ruffini’s holding company, Ruffini Partecipazioni Holding that owns a direct stake in Moncler equal to approximately 15.8 percent. The company said in a statement that the partnership between Ruffini Partecipazioni Holding and LVMH, will reinforce Remo...
27 Sept 2024
The Camera Nazionale della Moda Italiana (CNMI) hosted its annual Sustainable Fashion Awards ceremony last night at Italy’s Teatro alla Scala, where 10 awards were presented to recipients recognised for their commitment to craftsmanship, the circular economy and innovation, among other qualities. The event, which was hosted in collaboration with...
23 Sept 2024
Moncler Group’s revenues of 1,230.2 million euros in the first half of 2024, increased by 11 percent at constant exchange and 8 percent at current exchange rates. In the second quarter, group revenues were 412.2 million euros, up 3 percent. Moncler brand revenues were 1,041.3 million euros in the first half, up 15 percent cFX and up 11 percent...
25 Jul 2024