Moncler Q3 revenues up 16.9 percent

REPORT_ For the third quarter of 2013 Moncler revenues have

risen by 16.9 percent. This performance is clearly a comedown from the second quarter, which registered a sales rise of 22.6 percent and which was more than what most other European luxury brands could do. Further this rise of 22.6 percent was an improvement over the 16.2 percent gain for the first three months of the year.

Moncler is an Italian fashion firm. In the nine-month period, organic revenues grew by 18 percent. The brand gave an impressive performance across all regions including Japan and US. Chairman and creative director Remo Ruffini has a 32 percent stake. Carlyle has a 17.8 percent stake and Progressio Investimenti has a 4.9 percent stake. As of September 30, 2013, Moncler had 98 company-owned stores versus 79 a year earlier. Eurazeo, the Paris-based private equity fund, holds a 45 percent stake in Moncler.