Moncler, an Italy based apparel and lifestyle luxury brand, has reported 18 per cent revenues increase to €365.4 million in its first quarter Q1 FY21 that ended on March 31, 2021, compared to the revenues of €310.1 million in the same quarter previous fiscal. The rise in the revenues was due to strong contribution of China, Korea and North America.
Moncler, an Italy based apparel and lifestyle luxury brand, has reported 18 per cent revenues increase to €365.4 million in its first quarter Q1 FY21 that ended on March 31, 2021, compared to the revenues of €310.1 million in the same quarter previous fiscal. The rise in the revenues was due to strong contribution of China, Korea and North America.#
“An important year has begun. A year, we hope, of rebirth and fresh energy. A year that, for Moncler, will also be one of great work and zest for new projects. We finalised the acquisition of Stone Island on March 31,” Remo Ruffini, Moncler’s chairman and chief executive officer, said in a press release.
Moncler, an Italy based apparel and lifestyle luxury brand, has reported 18 per cent revenues increase to €365.4 million in its first quarter Q1 FY21 that ended on March 31, 2021, compared to the revenues of €310.1 million in the same quarter previous fiscal. The rise in the revenues was due to strong contribution of China, Korea and North America.#
Revenues in Italy and EMEA (Europe, Middle East and Africa) reported 16 per cent decrease to €29.0 million (€34.5 million) and €84.8 million (€101.1 million) respectively. However, Americas sales jumped 28 per cent to €53.4 million (€41.7 million), whereas Asia’s revenue grew 49 per cent to €198.1 million (€132.7 million).
Moncler, an Italy based apparel and lifestyle luxury brand, has reported 18 per cent revenues increase to €365.4 million in its first quarter Q1 FY21 that ended on March 31, 2021, compared to the revenues of €310.1 million in the same quarter previous fiscal. The rise in the revenues was due to strong contribution of China, Korea and North America.#
Sales of Retail channel during Q1 FY21 grew 18 per cent to €279.1 (€236.3 million), while wholesale channel sales were up 17 per cent €86.3 million (€73.7 million).
Fibre2Fashion News Desk (JL)
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