default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Moncler Announces Plans to Internalise Its E-Commerce Channel

The Italian luxury brand, which previously managed its e-commerce business in partnership with Yoox Net-a-Porter, said it will launch a fully integrated online platform in 2021.
Moncler jacket | Source: Shutterstock
By
  • Reuters

MILAN, Italy — Italy's luxury group Moncler will bring its e-commerce channel in-house with a view to double the share of its online business over the next three years, the company said on Monday.

Online sales accounted for 10 percent of the total in 2019, split broadly equally between the brand's website Moncler.com and third parties, according to analysts.

The luxury outwear maker previously managed its e-commerce business in partnership with online retailer Yoox Net-a-Porter, now owned by Cartier maker Richemont, an agreement which expired this year.

Moncler said the direct management of its e-commerce will start with the United States and Canada in October this year.

In addition, Moncler will launch a fully integrated e-commerce platform in 2021, the company said.

"The use of artificial intelligence, already applied to warehouse management, demand planning and store replenishment, will be extended to new areas such as product recommendations on the e-commerce channel, client service interactions, merchandising and pricing," the company said.

By Claudia Cristoferi; editor: Silvia Aloisi

In This Article
Topics
Location

© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.

Farfetch’s chief executive José Neves is reportedly conferring with top shareholders, including Richemont and Alibaba, and JP Morgan about delisting the company, The Telegraph reported on Tuesday. A take-private deal could happen imminently as Farfetch’s stock remains under pressure, according to the report. The e-tailer’s share price has plummeted more than 80 percent since its 2018 IPO.


At The Business of Fashion’s VOICES 2023 gathering, Chanel’s global CEO Leena Nair outlined to BoF founder Imran Amed the vision she’s crafted during her first two years leading the iconic brand.


Across its 53-year history, international art fair Art Basel has been quick to innovate, catering to a rapidly developing art market and its customers. Today, it is utilising its expertise to help fashion and luxury do the same.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
Voices 2023 Live
© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
Voices 2023 Live