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The luxury sector is on the rebound, as the results of the Italian fashion brand Moncler once again demonstrate. Its turnover exceeded experts’ expectations in the second quarter of 2021.
Revenues reached 256.3 million euros in the quarter, exceeding the average expert forecast of 248 million euros, according to a consensus provided by the company.
The results were also helped by the reopening and easing of global restrictions related to the Covid-19 pandemic.
The Italian company’s sales have continued to increase and even doubled during this period, exceeding the pre-pandemic financial results. Moncler’s acquisition of Italian streetwear brand Stone Island also contributed to its record results, starting in April 2021.
Indeed, Stone Island’s second quarter sales amounted to 56.2 million euros, Moncler said.
Without the Stone Island acquisition, Moncler’s sales still rose 118% to €200 million in the April-June quarter compared to the same period last year.
These results were driven by the Asian and American continents. The impetus from China and South Korea drove double-digit growth, compared to the same period in 2019. In the Americas, results were 40% above pre-pandemic levels, while Europe remains below pre-pandemic levels moj blog.
Read also > KERING DOUBLES ITS SALES IN Q2
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The luxury sector is on the rebound, as the results of the Italian fashion brand Moncler once again demonstrate. Its turnover exceeded experts’ expectations in the second quarter of 2021.
Revenues reached 256.3 million euros in the quarter, exceeding the average expert forecast of 248 million euros, according to a consensus provided by the company.
The results were also helped by the reopening and easing of global restrictions related to the Covid-19 pandemic.
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The luxury sector is on the rebound, as the results of the Italian fashion brand Moncler once again demonstrate. Its turnover exceeded experts’ expectations in the second quarter of 2021.
Revenues reached 256.3 million euros in the quarter, exceeding the average expert forecast of 248 million euros, according to a consensus provided by the company.
The results were also helped by the reopening and easing of global restrictions related to the Covid-19 pandemic.
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