Italian firm Moncler's revenue exceeds €2 bn in 2021

In fiscal 2021, Moncler Brand posted revenue of €1824.2 million, as compared to €1440.4 million in fiscal 2020. In the fourth quarter, the Brand recorded revenue of €803.3 million. This strong and constant acceleration of the Brand throughout 2021, especially in the fourth quarter, was driven by the effective implementation of the business strategies, the success of the collections and the development of the DTC channel, in particular the online direct, Moncler said in a press release.

“When we went public in 2013, we knew we had ambitious goals, but I am particularly proud today that just eight years after our debut on the stock exchange and in the context of a global pandemic, we have reached and exceeded €2 billion in revenues with over €400 million in net profit,” said Remo Ruffini, chairman and CEO.

“The start of 2022 has been marked by considerable uncertainty, particularly on the geopolitical front, which adds to the complexity of the current economic and global health context, but also with important positive indicators which gives me confidence for the future of our group. In 2022, we will celebrate 70 years of Moncler and 40 years of Stone Island and we stand ready to turn these moments into unique opportunities to celebrate our history while strengthening our brands as pioneers of new luxury,” explained Ruffini. 

Fibre2Fashion News Desk (RR)