Italian fashion group Moncler reported a first-half operating loss for the first time in its history on Monday as a drop in sales caused by the coronavirus crisis lockdowns accelerated sharply in the second quarter.
Intesa Sanpaolo has provided Moncler with a financing credit line for a maximum of 400 million euros linked to its sustainability objectives. The quilted jacket brand has also renewed its eyewear license with Marcolin.
Carlo Capasa has been confirmed for the fourth consecutive term as the president of the Italian Fashion Chamber (CNMI), as Serge Brunschwig, Alfonso Dolce and Jacopo Venturini joined the new executive committee.
Moncler said on Thursday it had signed an agreement with France's Interparfums to start selling perfumes, as it seeks to diversify its brand and lessen the impact of the coronvirus crisis on the luxury goods sector.
The Italian label led by Remo Ruffini will join in the effort to fund the construction of the 400-bed ICU hospital that the Lombardy regional authority wants to build in record time on the former Milan trade fair site.
Virgil Abloh, Rick Owens and Raf Simons are among the designers who have dropped collaborations with outdoor apparel brands, a strong emerging trend that might set off a thorough transformation of the outdoor sector.
At the presentation of the luxury group's annual results, boss François-Henri Pinault said there is no acquisition on the cards at the moment, the priority being ensuring the growth of Kering's own labels.
Shopper numbers at Moncler stores in China have plunged 80% since the country's coronavirus outbreak, the Italian label said on Monday, joining other high-end brands in warning of a big hit from the epidemic.