
The Italian group specialised in down jackets plans to further segment its markets, diversify into footwear, boost its online sales and broaden its retail footprint by opening over 150 new stores by 2024.
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The Italian group specialised in down jackets plans to further segment its markets, diversify into footwear, boost its online sales and broaden its retail footprint by opening over 150 new stores by 2024.
On tour in Italy, the CEO of Meta stopped over in Milan, where he met the Italian luxury industry's top players and discussed smart glasses with Leonardo Del Vecchio, president of EssilorLuxottica.
First quarter sales at Italian fashion group Moncler jumped by 60%, driven by a strong performance in China that offset new Covid-19 restrictions, as well as a surge in U.S. and online sales.
Only two designers have reacted, during their Milan Fashion Week shows, to the Russian troops’ invasion of Ukraine, while luxury labels in general have been extremely close-mouthed on social media.
Sales at Italian luxury outwear maker Moncler grew by 30% in the key final quarter of 2021 and 44% for the full year to well above pre-pandemic levels thanks to strong U.S. and China markets.
Known for his experimental and futuristic creations, the Chinese designer, approved by Kanye West’s brand Yeezy, has created a capsule collection inspired by underwater creatures for Moncler.
By 2025, 70% of luxury consumers will be aged below 40, forcing labels to revise their approach and values, broadening them to include more culture-based elements, according to the latest study by Bain & Co.
Despite the ‘common prosperity’ policy advocated by the Chinese government, the country’s Singles’ Day holiday set new records with soaring luxury goods purchases.
Many consumers are entering the holiday season with more disposable income, but retailers are up against a supply chain crisis that has left them scrambling to stock enough partywear, among other things.
Buoyed by the Mondogenius project's record results and the recent entry on the perfume market, Moncler has announced it will move into 38,000 m2 new Milanese headquarters not far from those of Prada and LVMH.