Italian vogue group Moncler posted on Wednesday a 16 p.c improve in first quarter gross sales at fixed alternate 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 by means of March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.

International 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 development throughout all of the areas.

Gross sales at Stone Island, the model Moncler purchased in 2021, have been down 5 p.c.

Reporting by Elisa Anzolin, modifying by Valentina Za

Study extra:

Moncler CEO Ruffini Will Maintain 16% of Shares After Rivetti Household Invests Straight

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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