First-half net income at the luxury skiwear and apparel company was up 7% to €164,712,000 ($187.8 mm) from €153,460,000 on 5% higher revenues of €1,289,912,000 ($1,470.5 mm) over €1,225,665,000. Gross margin expanded 30 b.p. to 77.2%, benefiting from a higher direct-to-consumer share at both the Moncler brand and Stone Island. SG&A was up 5% in Euros, improving 40 b.p. to 58.1% of sales on selling expense leverage. MONC is now led by Bartolomeo “Leo” Rongone, who was appointed CEO in Apr. His predecessor, Remo Ruffini, moved into the executive chairman seat, ... Log in to view full article.