Moncler posts double-digit growth in revenues, driven by Asia

Luxury fashion retailer Moncler Group reported consolidated revenues of EUR2.98 billion (US$3.2 billion) for FY23, up 17 per cent at constant exchange rates versus the previous year.

The group’s EBIT was EUR893.8 million compared with EUR774.5 million in FY22.

For the Moncler brand, revenues were up 19 per cent to EUR2.57 billion, driven by a 30 per cent increase in Asia (which includes Apac, Japan and Korea). Revenues also rose 14 per cent in EMEA but slid 1 per cent in the Americas.

The brand ended the year with 130 stores in Asia, 95 locations in EMEA and 44 stores in the Americas.

Revenues of the Stone Island brand edged up 4 per cent to EUR411.1 million. EMEA remains the most important region for the brand although sales were up only 3 per cent to EUR287.5 million. Asia saw the largest improvement of 16 per cent to EUR89.4 million. Meanwhile, revenues in the Americas were down 17 per cent.

The brand currently operates 48 locations in Asia, 26 outlets in EMEA and seven stores in  the Americas.

For FY24, the group said it will remain focused on operational flexibility and responsiveness to tackle uncertain global macroeconomic and geopolitical landscape.

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