Revenues at Italian luxury outerwear group Moncler fell 1 percent at constant exchange rates in the third quarter, hit by weak tourist demand in Europe and Japan despite an increase in sales in the Americas.
The Milan-based group, best known for its glamorous puffer jackets, posted revenues of €616 million ($718 million) for the July-September period, above a company-provided analyst consensus forecast of €604 million.
Revenues at the Moncler brand held steady in Asia — an area that accounts for roughly half of the total — as China continued to outperform the rest of the region where Japan and Korea instead performed weakly.
By Elisa Anzolin; Editor: Valentina Za
How to Bring the Joy Back to Fashion Marketing
Moncler’s autumn campaign, featuring actors and long time friends Robert De Niro and Al Pacino, struck an emotional chord with audiences by showcasing true friendship.
