Moncler H1 revenues increase 18 percent

REPORT_ Owing to its retail expansion plans and launch

of four exclusive boutiques in Europe, Moncler reported 18 percent hike in its revenues in the first half to 183 million euros (237.5 million dollars). The half yearly results of the Italian outerwear company were announced by Paris-based investment firm Eurazeo, which acquired 45 percent stake in Moncler in 2011.

The company registered positive growth performance in all geographic areas except Italy, which reported flat sales. As of June 30, Moncler runs 87 stores, which contribute to over half of brand sales. The Group revenues comprise of Henry Cotton’s, Marina Yachting, Coast Weber Ahaus and the 18CRR81 Cerruti license. Company witnessed its group revenues increase 10 percent in the six-month period to 247 million euros (320.5 million dollars). Moncler’s momentum compensated for a 9 percent revenue fall for those other sportswear brands.

The Moncler Group is a global manufacturer in the design, creation, marketing and distribution of high-end clothing and accessories. The company has presence in Italy, Europe, Asia/Japan and North America. With the support of its leading shareholder, Eurazeo, Moncler has transformed itself to expand the brand’s worldwide reach, and now occupies a prominent position in the luxury goods segment.