Moncler is planning additional events and activities and Stone Island is changing its business model under CEO Robert Triefus.
In the nine months ended Sept. 30, the group reported revenues of 1.8 billion euros, a 16 percent increase compared with 1.55 billion euros in the same period last year. Admittedly, the third quarter was impacted by a slowdown, as sales rose 7 percent at constant exchange rates to 669.7 million euros.
In the Europe, Middle East and Africa region, Moncler revenues grew by 18 percent to 573.2 million euros, representing 38.3 percent of the total. In the third quarter, the increase stood at 6 percent at constant exchange rate, sequentially slowing due to a normalization in local consumption and a slower recovery of tourism flows compared to the first part of the year. Chinese, Korean and American customers remained the strongest contributors to tourist purchases in the region.
The wholesale channel recorded revenues of 343.3 million euros in the nine months, a decline of 2 percent compared with the same period last year. In the third quarter, revenues in this channel declined by 9 percent at constant exchange, mainly impacted by the conversions of Nordstrom and part of Saks in the U.S., in line with the ongoing efforts to upgrade the quality of the distribution network. The performance of the wholesale channel in EMEA and Asia remained solid in the quarter.
Santel told analysts to expect strong commercial activities and “impactful events” for Moncler Grenoble in December and in the first two months of the next year. “Grenoble is a pillar of our business, a heritage brand.” Asia reached sales of 57.8 million euros in the nine months, growing 10 percent. In the third quarter, the region grew by 1 percent with the strong performance of Japan compensating for the weak performance of the Korean market.
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