Boosted by a series of financial policy measures unveiled by the People’s Bank of China, the State Financial Regulatory Administration, and the China Securities Regulatory Commission (CSRC) in late September and the announcement by the People’s Bank of China to establish the Securities, Funds and Insurance Companies Swap Facility (SFISF), the country’s stock market showed … Read more
SHANGHAI—The Moncler City of Genius spectacle wrapped up in Shanghai on Saturday night, with its latest roster of creative talents showcasing their codesigned collections in their respective booths at the China Ship Pavilion by the Huangpu River. After entering the Moncler “city” via an archway-shaped entrance, guests were greeted by an installation by the much-celebrated … Read more
MILAN — Gearing up to present the latest Moncler Genius iteration in Shanghai, chairman and chief executive officer Remo Ruffini spoke to WWD about the decision to hold the event in the Chinese city. Dubbing Shanghai as “the City of Genius,” the luxury brand unveiled its latest roster of creative talents cocreating the Moncler Genius collection. They … Read more
MILAN — “How do you live Genius?” That is the question that Moncler is asking as it gears up for the brand’s Genius event on Oct. 19 in Shanghai, closing the city’s fashion week that kicks off on Wednesday. Dubbing Shanghai as “The City of Genius,” the luxury brand will unveil its latest roster of … Read more
Flagging a weak macro environment and a wave of recent downgrades, HSBC said Tuesday it now expects only 2.8 percent organic growth for the global luxury goods sector in 2024, down from an earlier forecast of 5.5 percent. In a report titled “Cruel Summer,” the investment bank said it no longer expects a return to … Read more
NEW PHASE: Gucci has named Davide Buzzoni global communications director. He reports to executive vice president and chief brand officer Alessio Vannetti. Buzzoni joins Gucci from Loro Piana, where he served as head of global PR and VIP. Before that, he built his career at Moncler, Prada Group and Burberry. With his extensive experience in … Read more
MILAN – Stone Island is pushing its retail strategy by opening a store at London department store Harrods. Located inside the menswear section on the Knightsbridge location’s second floor, the 430-square-foot space was designed by Rem Koolhaas’ OMA/AMO studio and reflects the outerwear specialist’s blueprint in other retail destinations, including Chicago, Stockholm and Paris’ Rue … Read more
MILAN — The Ruffini family’s investment vehicle Archive Srl has made its second acquisition in the fashion space after The Attico. The company said Friday it has acquired a minority stake in Copenhagen-based technical cycling apparel brand Pas Normal Studios. Financial terms of the transaction were not disclosed, but according to market sources the investment … Read more
MILAN – Moncler Group shares climbed 5.2 percent to 66.78 euros in mid-morning trading on Thursday following the release of strong results for fiscal 2023, and a promising start to 2024. Citi’s Thomas Chauvet described the brand as “still at the top of the mountain,” adding that Moncler was “a clear, industry-leading winter clothing brand.” … Read more
MILAN — Ten years after its public listing in Milan, Moncler continues to grow. “We celebrate the anniversary with an excellent set of results, and revenues more than five times what they were in 2013,” chairman and chief executive officer Remo Ruffini said proudly during a conference call with analysts on Wednesday at the end … Read more
