Moncler, the renowned Italian luxury group famous for its cozy puffer jackets, has recently announced a remarkable 12% surge in sales during the third quarter. This exceptional growth can be attributed to the recovering markets in Europe and China, as the COVID-19 restrictions gradually eased. The company’s revenue has exceeded a staggering 1.5 billion euros ($1.51 billion) for the nine-month period leading up to September.

Despite the concerns surrounding rising inflation and a potential recession, the demand for luxury goods has remained resilient. One of the factors contributing to this resilience is the advantageous exchange rate between the dollar and the euro, prompting U.S. shoppers to take advantage of the strong dollar. Furthermore, the Chinese market has bounced back from the impact of COVID-19 restrictions, showcasing its strength and prompting increased sales in the luxury sector.

During the third quarter, Moncler achieved a revenue of 638.3 million euros, surpassing the consensus forecast of analysts. The brand’s iconic label, Moncler, generated an impressive 528.2 million euros in sales, marking a 13% increase compared to the same period last year. Additionally, the newly acquired brand, Stone Island, experienced significant growth with an 8% rise in revenue amounting to 110 million euros.

As Moncler looks forward to the winter season in the northern hemisphere, the company retains a great deal of confidence due to its strong sales performance. These positive results not only demonstrate the resilience of the luxury goods sector, but also reinforce Moncler’s position as a leading brand in the industry. With its continued expansion in key markets and efforts to strengthen its brand, Moncler is poised for further growth in the coming quarters.

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