Moncler grows 15% and increases its profit by 9% in 2019

Moncler ends 2019 on the rise. The Italian fashion company has ended the year with 1.6 (1.7 billion dollars) million euros of turnover, 15% more than the previous year. Its profit has grown by 9% to 361 million euros.

The company increased its sales volume in Europe by 14%, to 463.5 million euros. With Europe being the largest market of the company, the territory accounts for 28.5% of its total sales.

Moncler grew 10% in its home market, Italy, with a revenue of 185 million euros (202 million dollars). Sales in Asia and the remaining countries have increased by 16%, to 715.2 million euros (782 million dollars). The group has a network of 2,144 stores spread across the world. The Like-for-like sales witnessed a 7% increase.

Last year rumors surfaced regarding Kering’s potential acquisition of Moncler . This came after its rival group, LVMH, purchased the luxury company Tiffany for 16.2 billion dollars, known as the largest corporate operation in history.