Moncler taps Nike veteran as chief brand officer
Italian luxury label Moncler has appointed Nike veteran Gino Fisanotti to the newly created position of chief brand officer, effective June 7. In his new role, Gino will be responsible for “strengthening the connections between creativity, collections, product categories and communications” to enhance Moncler’s multichannel customer experience....
Jun 1, 2021
Why Italy is not likely to see the formation of a new luxury group
Italy is not likely to see the formation of a new luxury group, which is perhaps not in the DNA of the country’s majority family-owned businesses. “I don’t think there will ever be a large luxury group in Italy. I don’t see any aggregations, said Moncler CEO Remo Ruffini, during a fashion roundtable ‘Fashion business and consumption’, organised...
May 31, 2021
Moncler revenues rise 21 percent in Q1
In the first quarter of 2021, Moncler recorded revenues of 365.5 million euros, an increase of 21 percent at constant exchange and of 18 percent at current exchange rates. Compared to the first three months of 2019, consolidated results registered a 2 percent decline at constant exchange rates. Commenting on the first quarter results, Remo...
Apr 23, 2021
Moncler buys out entire stake in Stone Island
Moncler has acquired the remaining 30 percent of the share capital of Sportswear Company S.p.A. (SPW) that owns the Stone Island brand, for a consideration equal to 345 million euros from Temasek. The company also signed an agreement for the purchase of the 70 percent stake held by Rivetex S.r.l. and the Rivetti family of SPW. The company said...
Feb 24, 2021
China drives Q4 revenue growth at Moncler
In 2020, Moncler recorded revenues of 1,440.4 million euros, a decrease of 11 percent at constant exchange and of 12 percent at current exchange rates. In the fourth quarter, the company said in a statement, despite the persistence of the negative effects of the measures undertaken to contain the pandemic, the group generated revenues of 675.3...
Feb 19, 2021
Video: The Business of Fashion interviews CEO of Moncler Remo Ruffini
In this video, The Business of Fashion interviews the CEO of luxury brand Moncler Remo Ruffini about adapting his brand to a post-pandemic reality. Watch the video below. Video: The Business of Fashion via YouTube Photo credit: The Business of Fashion, Facebook
Dec 10, 2020
Video: The Fashion Archive discusses the rise in luxury brands creating cheap hats
In this video, The Fashion Archive discusses the rise in luxury brands such as Moncler and Rick Owens creating cheap hats. Watch the video below. Source: The Fashion Archive via YouTube Photo credit: Unsplash
Dec 7, 2020
Moncler to acquire Stone Island
Italian luxury label Moncler has announced it is to acquire fellow Italian brand Stone Island in a deal that values the latter at 1.15 billion euros. Remo Ruffini, chairman and CEO of Moncler, said the partnership will “offer to new generations a new concept of luxury, far from the traditional stereotypes in which young people no longer...
Dec 7, 2020
Moncler announces Grenoble collection with Dyneema composite fabric
Moncler has announced that the autumn/winter 2020 collection of its luxury skiwear label Grenoble is to feature Dyneema composite fabric, a high-performance fabric developed by multinational science-based corporation Royal DSM. Sandro Mandrino, the head of design for Moncler Grenoble, was the brand’s first designer to incorporate Dyneema into...
Nov 11, 2020
Moncler pledges carbon neutrality by 2021
Luxury label Moncler has said it will go carbon neutral by 2021 as part of its new sustainability pledge. The up-market outerwear brand’s new ‘Moncler Born to Protect Sustainability Plan’ focuses on five key areas: climate action, circular economy, fair sourcing, enhancing diversity, and giving back to local communities. On the climate front,...
Oct 23, 2020
Moncler posts 15 percent revenue decline in Q3
For the first nine months of 2020, Moncler said that the company recorded revenues of 765.1 million euros, a decrease of 23 percent at current exchange and of 22 percent at constant exchange rates impacted by the Covid-19 pandemic, whose effects continued also in the third quarter of this year, although with lesser effects. In the third quarter,...
Oct 23, 2020
MONCLER STRENGTHENS ITS DIGITAL STRATEGY AND AIMS TO DOUBLE THE SHARE OF ITS ONLINE BUSINESS OVER THE NEXT THREE YEARS
Internalization of e-commerce and development of a new platform concept New corporate organization and an increasingly ‘digital first’ approach Milan, 27th July 2020 — Moncler is accelerating its digital transformation defining a new corporate organization and announcing the direct management of its e-commerce, in line with an increasingly...
Jul 28, 2020