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Italian fashion group Moncler has revealed a 17 per cent year-on-year increase in revenue, reaching € 1.8 billion in the first nine months of this year, primarily propelled by significant growth in Asia sales. The company’s turnover for the third quarter alone reached € 669.7 million, marking a 7 per cent increase from the previous year.
During the nine-month period, Moncler’s revenue reached € 1.4 billion, showing a 21 per cent increase, while Stone Island’s sales (under Moncler’s umbrella) saw a 3 per cent growth, reaching € 301.1 million.
The Asian market emerged as a key driver for Moncler, witnessing a 32 per cent surge in sales, reaching € 705.3 million during this period. Notably, Japan and South Korea continued to deliver solid performances in the third quarter, demonstrating the enduring appeal of Moncler’s brands in these regions.
Remo Ruffini, Chairman, and CEO of Moncler, said, “This proves the strength of both our brands and reflects the deep connection we have built with our customers and our communities all around the globe.”
Sales of Stone Island in Asia also witnessed significant growth, rising by 14 per cent to € 57.8 million, driven notably by robust performance in Japan.
As of 30th September, the company operates 262 Moncler mono-brand stores and 77 Stone Island stores directly.
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