Asia and Americas helped the performance, while the third quarter was impacted by unseasonably warm weather and a slowdown in tourist flows in Europe.
MILAN — Both the Moncler and Stone Island brands reported growth in the first nine months of the year, despite a subdued tourist flow in Europe and unseasonably warm weather in the third quarter.
In the nine months ended Sept. 30, Moncler Group revenues rose 3 percent to 1.89 billion euros compared with 1.84 billion euros in the same period last year. At constant exchange rates, sales were up 6 percent.
“In the third quarter, our industry continued to navigate an extremely complex environment. In times like these, it is important to remain rigorous, grounded and, above all, focused on our brand strategy, guided by our long-term vision,” said Remo Ruffini, executive chairman of the group.
“The recent opening of our Fifth Avenue flagship store, the strongest expression of the Moncler universe and our ongoing global campaign ‘Pioneers in Moncler,’ deeply rooted in our core DNA, are a clear testament to this commitment.”
He also cited the opening of the new Stone Island flagship in Rome and with campaigns “that connect with the worlds of music, sports and art, we continue to nurture the brand, pursuing a healthy growth path.”
Ruffini concluded that “knowing who we are and where we come from is what allows us to look ahead with clarity and intention.
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