The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
MILAN, Italy — Italian luxury outerwear maker Moncler said on Monday it foresaw further growth in 2018, after posting a 15 percent rise in revenue last year and launching a new product strategy based on faster-paced collections.
The group said last week it was changing its product strategy, bidding farewell to catwalk shows in favour of monthly product launches, in a bid to keep up with the industry's younger and more fickle customers.
Revenue last year rose to 1.194 billion euros (1.05 billion pounds), just above a Thomson Reuters estimate of 1.183 billion euros. Sales were up 17 percent at constant exchange rates.
Moncler, which sells signature puffer jackets for as much as 1,000 euros ($1,230) proposed to pay a dividend of 0.28 euros per share on 2017 results, up from the 0.18 euros per share paid the previous year.
"...We have decided to start a new exciting and challenging chapter for our business, which I strongly believe, will drive us to new heights with greater determination," Chairman and Chief Executive Remo Ruffini said in a statement.
The group will be holding a capital markets day on Tuesday.
By Giulia Segreti; editor: David Evans.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.