Moncler

Bartolomeo Rongone has left the position he has held since 2019 at the firm owned by French conglomerate Kering, led by Luca De Meo, to join the top management of the company specializing in outdoor fashion.

The Italian outdoor fashion conglomerate attributes its financial dip to global geopolitical tensions and restrained consumer spending. Regional highlights include robust performances in America and China, while EMEA and Japan show signs of weakness.

The Camera Nazionale della Moda convened top industry players during Milan Fashion Week to advocate for safeguarding the value chain and pushing for stricter regulations to secure the future of Italian luxury.

The Italian group closed the first half of the year with flat sales of €1.23 billion and a net profit of €153.5 million, penalized by the drop in tourism and lower operating profitability in the period.

The Italian outdoor fashion company also ranks first among Italian companies in the ranking of ‘The World’s Most Sustainable Companies 2025’, a ranking compiled by Statista and Time.

Kering shuts down down acquisition of Moncler. The group led by François-Henri Pinault confirms that the acquisition of the French company is not on the table. Pinault argues that the group will focus on existing brands, which include Saint Laurent, Balenciaga and Gucci, among others.

The French investment group has sold all its shares of the Italian company of high-end outdoor items, which represented 4.8% of its capital, at a rate of 36.5 euros