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Moncler Group revenue increases by 27% in 2022

Date: April 1, 2023 Time: 16:38:37

2022 was an anniversary year for the Moncler Group, with Moncler celebrating its 70th anniversary and Stone Island celebrating its 40th. The year saw revenue growth for the company, rising 27% to €2.6 billion, compared to just over 2 billion euros in 2021. WWD writes about it.

Thus, Moncler reported revenue of 2,200 million euros, 19% more than last year (1,820 million euros). Likewise, compared to 2019, sales of the brand increased by 36%. Revenues from the group’s other brand, Stone Island, increased by 28% to 401.1 million euros.

Chief Executive Remo Ruffini stressed that “it’s not just about numbers”: it’s about empowering brands, “strengthening their identity and their DNA.” He noted that Stone Island’s business model is transforming into a consumer-focused one that will help the brand “express its full potential.”

Ruffini acknowledged that “uncertainty is very high in a world that is never normal, but we rise to the challenge with passion and energy and trust in the strength of the brands, with their long-term strategy and dynamic execution.”

Earlier, the Kering conglomerate reported earnings for the fourth quarter and all of 2022. Against the backdrop of Michele’s departure and the Demna scandal, the company’s revenue fell 7%. For comparison: in the third quarter it grew by 23%.

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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