Moncler Q1 Driven by DTC; New CEO for Stone Island
The direct-to-consumer channel paced Q1 sales growth for the Moncler Group, rising by 34% on a constant-currency basis to €501.5 million for the Moncler brand and 40% to €39.1 million for the Stone Island business. Group consolidated revenues rose by 23% to €726.4 million versus €589.9 million in the year-ago period. Moncler brand sales in the Americas grew 9% on a constant-currency basis to €84.5 million despite a significant number of U.S. tourists purchasing the brand in Europe. EMEA sales, driven by local demand and tourists, rose by 29% to €215.9 ... Log in to view full article.