Moncler Asia revenues rise
Moncler Asia revenues rose 12 per cent in Asia in the latest quarter.
The Italian-headquartered fashion retailer says sales in both its own stores and wholesale channels recorded “very good performances” in Japan, especially, where it says Moncler enjoys a “particularly strong brand perception”.
Moncler continued its solid growth in Mainland China, mainly driven by its own stores, and “outstanding results” were achieved also in Korea, albeit off a smaller base, demonstrating the success of the Moncler-Shinsegae joint-venture.
The company has reported global consolidated revenues of €276.2 million, up 16 per cent on the first quarter of 2016, or by 15 per cent at constant exchange rates. Its own store retail revenues reached €203.9 million euros, up 20 per cent and 18 per cent.
Chairman and CEO Remo Ruffini, said the results demonstrated Moncler’s continued brand momentum and the effectiveness of its strategy.
“In the first quarter, revenues again grew by double digits, despite a challenging base of comparison. Excellence, quality, focus and passion are the values that we ask our people to share at all levels, and we are working on significant projects related to our mono-brand store network which will be key for the future of the brand,” he said.
“At the end of the quarter we celebrated the opening of our first store in Australia, and there are many other projects in the pipeline, in both the retail and wholesale channels. While the year has only just begun and there are many important, challenging months ahead, I am confident the team remains focused and is working hard to achieve our goals”.
As at March 31, Moncler had 191 directly operated retail stores and 45 wholesale shops-in-shops.