Extra padding for Moncler
Italian luxury outerwear company Moncler recently published its financial results for the second quarter of 2021.
Consolidating its results alongside those of Moncler-owned Stone Island for the first time, the newly formed group (as of April 2021) reported revenues of around $530 million (€621.8 million), an increase of 57% compared to the first half of 2020 and up 11% on the same period in 2019.
Whereas figures for Stone Island were only available from April 1, the Moncler brand showed strong growth on the previous year (up 43%). The increase on 2019’s first-half results was only 1%, however.
The brand said that it had experienced double-digit year-on-year growth in the American (including South America), Chinese and Korean markets, as well as in the digital sphere.
Significantly, mainland China revenues almost doubled compared to the second quarter of 2019, according to a press release.
Group chairman and chief executive, Remo Ruffini, commented: “I am proud to announce that we have reached all the targets that we set ourselves last year. We brought our EMEA [Europe, the Middle East and Africa] e-commerce in-house in May, followed by Japan in July. Moreover, we have reinforced our management team by introducing the role of chief brand officer for the Moncler brand.
“While the public health situation is still highly uncertain, we are ready to face the coming months with enthusiasm, dedication and energy, knowing that we can rely on our formidable brands, clear goals and talented people to achieve them.”
Image: Moncler via Instagram.
