Moncler Leveled by the Coronavirus Despite Strong 2019 Sales
On October 24, Italian puffer-jacket maker Moncler reported another year of double-digit growth over the first nine months of 2019, according to its latest financial report. Its revenue grew by 15 percent at the current exchange rate, exceeding $1.7 billion (€1.6 billion), and its net profit climbed to $723 million (€663 million). But despite a high earning period, the impact of the coronavirus was felt immediately. Just three weeks before news of the outbreak spread…