The Italian puffer and ski jacket maker Moncler has shrugged off a luxurious slowdown as gross sales surged in China.
The high-end group, which final yr was rumoured to be planning a bid for Burberry, noticed gross sales rise 8 per cent to only beneath £1billion within the final three months of 2024.
Moncler, which specialises in jackets however makes all the pieces from skirts and T-shirts to swimming costumes and hats, hailed ‘stable double-digit development’ in China, which helped its fourth-quarter gross sales in Asia climb by some 11 per cent in comparison with the yr earlier than.
Chairman and chief government Remo Ruffini mentioned the group ‘achieved exceptional outcomes’.
Trendy: Actress Anne Hathaway sports activities the model at the Moncler Grenoble Fall Winter 2024 Style Present
Individually, purse big Hermes’ gross sales rose 17.6 per cent to £3.3billion for the fourth quarter.
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