Moncler Group's Q3 Sales Decline Amid Global Economic Challenges

The luxury fashion house reports a 3% drop in third-quarter revenues, driven by weak wholesale demand and macroeconomic volatility.

Moncler Group's nine-month revenue reached €1.87 billion, marking a 3% year-over-year increase despite a challenging economic environment.
The company's direct-to-consumer sales rose 9% in the first nine months, but were flat in the third quarter due to weak online performance in Europe.
Stone Island, part of Moncler Group, saw a 22% decline in wholesale revenues, although direct sales increased by 26% in the same period.
Asia's revenue for Moncler grew by 6% over nine months, but third-quarter sales dropped 2% due to reduced tourist flows and consumer confidence.
Moncler Group plans mid-single-digit price increases next year to offset rising production costs, particularly in labor.