Moncler news and archive

Moncler’s Remo Ruffini to receive Trailblazer Award at Fashion Awards

Remo Ruffini, chairman, chief executive officer and creative director at Moncler SpA, will be honoured with the Trailblazer Award for his “pioneering leadership and creative vision" at the Fashion Awards. In a statement, the British Fashion Council (BFC) said that Ruffini is being honoured for his role in the Moncler global brand reset,...

Business

New sources suggest Moncler not in talks for Burberry takeover

A new report has suggested that Italian outerwear specialist Moncler is not in talks to take over British heritage brand Burberry. This is according to Reuters, which cited four sources close to the matter responding to prior media speculation. Rumours of the alleged acquisition talks began circulating earlier this month when industry blog Miss...

BusinessFeatured

Is Moncler taking over Burberry?

Burberry’s struggles in recent years have been no secret. Despite the appointment of a new creative director and chief executive officer, its financials have remained somewhat lacklustre, leaving it in a vulnerable position for a potential takeover. And rumours have begun to swirl that down jacket specialist Moncler could be none other than its...

BusinessFeatured

Weak global demand impacts Moncler's Q3

Moncler Group revenues of 1,865.7 million euros in the first nine months, increased by 6 percent at cFX and 3 percent at current exchange rates. In the third quarter, group revenues were 635.5 million euros, down 3 percent cFX. Moncler brand revenues were 1,573.3 million euros and Stone Island brand revenues of 292.4 million euros. The Moncler...

Retail

Moncler to open its largest store in New York City

Italian luxury brand Moncler has announced plans to open what will become its largest store across its retail network, scheduled to be unveiled in early 2026 in New York City. The label revealed that it had signed a lease agreement for a unit on Fifth Avenue in the General Motors building, where the new flagship store is to be housed. Once...

Business

Remo Ruffini partners with LVMH to increase his stake in Moncler

LVMH has purchased a 10 percent stake in Double R, the investment vehicle controlled by Remo Ruffini’s holding company, Ruffini Partecipazioni Holding that owns a direct stake in Moncler equal to approximately 15.8 percent. The company said in a statement that the partnership between Ruffini Partecipazioni Holding and LVMH, will reinforce Remo...

Business

CNMI reveals winners of Sustainable Fashion Awards 2024

The Camera Nazionale della Moda Italiana (CNMI) hosted its annual Sustainable Fashion Awards ceremony last night at Italy’s Teatro alla Scala, where 10 awards were presented to recipients recognised for their commitment to craftsmanship, the circular economy and innovation, among other qualities. The event, which was hosted in collaboration with...

BusinessFeatured

Moncler Group increases H1 sales and profit

Moncler Group’s revenues of 1,230.2 million euros in the first half of 2024, increased by 11 percent at constant exchange and 8 percent at current exchange rates. In the second quarter, group revenues were 412.2 million euros, up 3 percent. Moncler brand revenues were 1,041.3 million euros in the first half, up 15 percent cFX and up 11 percent...

Business

Moncler, a leader in sustainable luxury according to TIME and Statista ranking

TIME and Statista have ranked the Italian fashion house highly for its sustainable practices, commending its efforts in recycling, renewable energy, and carbon neutrality goals. In a recent study conducted by TIME magazine and data firm Statista, Moncler stands out as one of the most committed companies to sustainability worldwide. Taking third...

BusinessFeatured

Moncler Group revenues rise 16 percent in the first quarter

In the first three months of 2024 Moncler Group revenues of 818 million euros, increased 16 percent including Moncler brand revenues of 705 million euros and Stone Island brand revenues of 113 million euros. Moncler brand revenues increased by 20 percent cFX, driven by strong growth in the DTC channel across all regions, while Stone Island brand...

Business

From JW Anderson to Thom Browne: What to look out for at Milan Design Week

In what has been established to be an event that merges fashion and design, Milan Design Week returns to the Italian fashion capital alongside the Salone del Mobile, running from April 15 to 21, during which time a curation of home collections by fashion brands will be showcased. Over the course of the week, 33 brands with 44 appointments will...

BusinessFeatured

Moncler Group's revenues and profit surge in 2023

In 2023, Moncler Group reached consolidated revenues of 2.98 billion euros, up 17 percent cFX compared with the same period in 2022. In the fourth quarter, Group revenues were 1,177.9 million euros, up 16 percent cFX compared with the same period of 2022. In 2023, the consolidated gross profit was equal to 2,300.8 million euros, Group EBIT rose...