[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,armember”][vc_column][vc_column_text]Even though the Covid-19 pandemic knows a serious second rise since a few weeks, the Italian fashion group Moncler has announced better numbers than expected for its third quarter.
This unexpected result may be explained by the reopening of Moncler shops in most of the areas where the firm is established. Sales are starting back in China, South Korea, but also in the United States since August 2020.
When the turnover was estimated around 340,7 million euros in average for this period of time, Moncler’s sellings actually reached 361,8 million euros, with a withdrawal of 15%, with current exchange rates. After having endured losses of 50% during the second semester, this number let us expect good results for the future. Nevertheless, Moncler did not give new numbers for the end of the year 2020 because of the recent increase of infected cases. Thus Remo Ruffini, the general director of Moncler, specified in a press release that “The signs we see in October are encouraging, but we know that we will have difficult weeks thereafter.”
Taking advantage of this relative improvement of its gross sales, Moncler promised that its direct activities will be carbon neutral within a year and that its energy will be totally renewable before 2023. Moncler already reduced its emissions related to its activities in Italy and in its factory in Romania. Although the priority is still the decrease of emissions, as the Fashion Pact demands it, carbon credits will be however bought to counterbalance the resistant emissions.
This new panel of action is part of a broader initiative of sustainable development: “Born to Protect”. Yet, all of these commitments should be respected because the plan “Born to Protect” was published right after the signature by Moncler of a renewable credit facility of 400 million euros whose margins are specifically allocated to the main durability objectives, showing the economic health of the firm whose recent gross sales represent, on the whole, a very good surprise.
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Featured photo: © Moncler store[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]Even though the Covid-19 pandemic knows a serious second rise since a few weeks, the Italian fashion group Moncler has announced better numbers than expected for its third semester.
This unexpected result may be explained by the reopening of Moncler shops in most of the areas where the firm is established. Sales are starting back in China, South Korea, but also in the United States since August 2020.
When the turnover was estimated around 340,7 million euros in average for this period of time, Moncler’s sellings actually reached 361,8 million euros, with a withdrawal of 15%, with current exchange rates. After having endured losses of 50% during the second semester, this number let us expect good results for the future. Nevertheless, Moncler did not give new numbers for the end of the year 2020 because of the recent increase of infected cases. Thus Remo Ruffini, the general director of Moncler, specified in a press release that “The signs we see in October are encouraging, but we know that we will have difficult weeks thereafter.”
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Already have an account? Log in.[/vc_cta][vc_column_text]Featured photo: © Moncler store[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles”][vc_column][vc_column_text]Even though the Covid-19 pandemic knows a serious second rise since a few weeks, the Italian fashion group Moncler has announced better numbers than expected for its third semester.
This unexpected result may be explained by the reopening of Moncler shops in most of the areas where the firm is established. Sales are starting back in China, South Korea, but also in the United States since August 2020.
When the turnover was estimated around 340,7 million euros in average for this period of time, Moncler’s sellings actually reached 361,8 million euros, with a withdrawal of 15%, with current exchange rates. After having endured losses of 50% during the second semester, this number let us expect good results for the future. Nevertheless, Moncler did not give new numbers for the end of the year 2020 because of the recent increase of infected cases. Thus Remo Ruffini, the general director of Moncler, specified in a press release that “The signs we see in October are encouraging, but we know that we will have difficult weeks thereafter.”
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Already have an account? Log in.[/vc_cta][vc_column_text]Featured photo: © Moncler store[/vc_column_text][/vc_column][/vc_row]
