Moncler’s Resilience Shines Through: Quarterly Revenues Decline Less Than Expected Moncler, the renowned Italian luxury outerwear group, has recently announced its quarterly financial results, showcasing a smaller decline in revenues than initially forecasted. Despite the challenges posed by the current economic climate, Moncler demonstrated its resilience by only experiencing a 1 percent decrease in revenues […]
This Week: What Moncler, Estée Lauder Have to Say About China
This Week: What Moncler, Estée Lauder Have to Say About China An emerging narrative this earnings season is that China’s troubled fashion market is stabilizing. This week’s results will put that theory to the test. As companies across various industries release their earnings reports, all eyes are on luxury fashion brand Moncler and beauty giant […]
Moncler Korea fined over customer data breach
Moncler Korea Fined Over Customer Data Breach Moncler, the luxury fashion brand known for its iconic down jackets, has recently found itself in hot water as its South Korean division faced consequences for a serious breach of customer data. The company’s Korean arm was targeted by hackers who managed to infiltrate its servers using sophisticated […]
Moncler To Add Alexandre Arnault To Its Board After LVMH Deal
Moncler Welcomes Alexandre Arnault to Its Board Following LVMH Partnership Moncler, the renowned ready-to-wear outerwear brand, is making strategic moves by adding Alexandre Arnault to its board. This decision comes in the wake of a significant deal with the French luxury conglomerate LVMH, further solidifying Moncler’s position in the fashion industry. Alexandre Arnault, the third […]
Moncler Shares Surge, Boosted by Recovery in China
Moncler Group’s Full-Year Revenues Rise 7% to €3.11 Billion, Boosted by Recovery in China Moncler Group has recently made headlines in the business world with its impressive financial performance. The luxury fashion company announced that its full-year revenues have surged by 7 percent, reaching a substantial €3.11 billion ($3.42 billion). This remarkable growth has been […]
Mulberry Restructures as Sales Slump
Mulberry, the renowned British luxury handbag manufacturer, is facing significant challenges marked by a notable decrease in sales and increasing operational losses. Recent reports reveal that the company will reduce its head office workforce by approximately 25%, translating to about 85 job cuts from its corporate functions, as it strives to navigate through troubled waters […]
BoF VOICES 2024: Fashion’s Next Moves
At the recent Business of Fashion’s VOICES 2024 gathering in Oxfordshire, industry leaders gathered to discuss pivotal strategies and innovations shaping the future of fashion. The conference featured insights from prominent figures including designer Simon Porte Jacquemus, H&M CEO Daniel Ervér, and e-commerce executives like Lauren Santo Domingo and Michael Kliger, marking a significant moment […]
Groupe Dynamite Aims for $1.7 Billion Valuation in Canadian IPO
Groupe Dynamite Inc., a prominent Canadian retailer focusing on women’s apparel, has formally initiated its journey towards an initial public offering (IPO). By this move, the company is not only tapping into the public markets but also aiming for a significant valuation of C$2.3 billion, approximately $1.7 billion. This opportunity places CEO Andrew Lutfy in […]
Moncler Not in Talks to Take Over Burberry, Sources Say
In recent days, the luxury fashion industry has been buzzing with speculation surrounding a possible takeover of Burberry by Italy’s Moncler. However, insiders have now clarified that Moncler is not in discussions to acquire the British luxury brand, as reported by multiple sources. This clarification comes after a dramatic roller-coaster for Burberry’s stock, which saw […]
Burberry Shares Jump On Report of Moncler Takeover Bid
Burberry has made headlines as its shares surged by over 7 percent following speculation that Italian luxury brand Moncler is considering a bid for the British fashion icon. This unexpected rise in Burberry’s stock, which climbed to 872 pence in early trading on Monday, reflects a broader context of fluctuating consumer demand for luxury goods. […]