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Moncler’s incredible turnover

 

 

 

 

 

 

 

 

 

 

 

 

 

Moncler’s incredible turnover

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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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Featured photo: © Moncler store

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