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Moncler Shares Surge, Boosted by Recovery in China

The Italian outerwear powerhouse reported fourth-quarter sales that beat estimates, including double-digit growth in China, a market that has weighed down rivals in recent quarters.
Moncler
Moncler aims to “bring new lovers to the brand and continue with brand elevation,” said Gino Fisanotti, Moncler’s chief brand officer. (Moncler)

Moncler Group’s full-year revenues rose 7 percent to €3.11 billion ($3.42 billion), the company announced Thursday. Results beat analyst expectations; shares surged 9.5 percent just before markets closed.

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