Italian style group Moncler posted on Wednesday a 16 p.c improve in first quarter gross sales at fixed trade charges, boosted by stable demand in China, a rustic which has was a sore spot for some luxurious manufacturers.
General revenues for the three months via March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.
World gross sales for the Moncler model grew 20 p.c year-on-year, regardless of a decline within the wholesale channel, with a double digit progress throughout all of the areas.
Gross sales at Stone Island, the model Moncler purchased in 2021, had been down 5 p.c.
Reporting by Elisa Anzolin, enhancing by Valentina Za
Study extra:
Moncler CEO Ruffini Will Hold 16% of Shares After Rivetti Family Invests Directly
The founders of Stone Island will now personal shares of Moncler Group as an alternative of their present stake within the Ruffini household holding firm.
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