• China drives Q4 revenue growth at Moncler

    15 days ago - By Fashion United

    In 2020, Moncler recorded revenues of 1,440.4 million euros, a decrease of 11 percent at constant exchange and of 12 percent at current exchange rates. In the fourth quarter, the company said in a statement, despite the persistence of the negative effects of the measures undertaken to contain the pandemic, the group generated revenues of 675.3 million euros, up 8 percent at constant exchange rates and 7 percent at current exchange rates, mainly driven by the strong expansion of the Chinese market, the growth of Korea and Japan and the excellent performance of the online channel.
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  • Valentino Sales Dropped 27% in 2020 Despite "Rosy Upturn" in Fourth Quarter

    Valentino Sales Dropped 27% in 2020 Despite "Rosy Upturn" in Fourth Quarter

    15 days ago - By Hypebeast

    Valentino has reported a 27 percent drop in overall sales across 2020. The decline in performance came despite a 77 percent surge in e-commerce sales on its web store amid the global coronavirus pandemic. China's recovering market also contributed to lessening the blow, increasing 44 percent in retail sales over the course of last year. Revenues for the Italian fashion label came in at €882 million EUR for 2020, or roughly $1.065 billion USD, although the company managed to see a "rosy upturn" during the fourth quarter under the leadership of new CEO Jacopo Venturini. After unveiling its...
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