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    Home»Business»Italian puffer and ski jacket maker Moncler defies luxury slowdown
    Business

    Italian puffer and ski jacket maker Moncler defies luxury slowdown

    February 15, 20252 Mins Read
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    By CITY & FINANCE REPORTER

    Updated: 11:10 GMT, 15 February 2025

    The Italian puffer and ski jacket maker Moncler has shrugged off a luxury slowdown as sales surged in China.

    The high-end group, which last year was rumoured to be planning a bid for Burberry, saw sales rise 8 per cent to just under £1billion in the last three months of 2024.

    Moncler, which specialises in jackets but makes everything from skirts and T-shirts to swimming costumes and hats, hailed ‘solid double-digit growth’ in China, which helped its fourth-quarter sales in Asia climb by some 11 per cent compared to the year before.

    Chairman and chief executive Remo Ruffini said the group ‘achieved remarkable results’.

    Stylish: Actress Anne Hathaway sports the brand at the Moncler Grenoble Fall Winter 2024 Fashion Show

    Stylish: Actress Anne Hathaway sports the brand at the Moncler Grenoble Fall Winter 2024 Fashion Show

    Separately, handbag giant Hermes’ sales rose 17.6 per cent to £3.3billion for the fourth quarter.

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    This article was originally published by a www.dailymail.co.uk . Read the Original article here. .

    dailymail defies Italian jacket luxury maker Moncler Money moneymarkets puffer ski slowdown
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