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Moncler defies luxury slowdown with 8% revenue growth

Moncler Group reported an 8% YoY revenue increase for the first half of 2024, reaching 1.23 billion euros ($1.34 billion) compared to 1.14 billion euros ($1.24 billion) in the same period of 2023, surpassing expectations despite a broader industry slowdown. This growth was fueled by strong direct-to-consumer sales, with Asia contributing 49% of total sales and experiencing a 12% YoY increase to 513 million euros ($559 million). EMEA also saw a 12% rise, while the Americas grew by 7%.

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