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Moncler Group reported third-quarter revenues of €636 million ($687 million), falling 3 percent year-on-year at constant exchange.
The slip was largely attributed to a decrease in wholesale, as well as macroeconomic troubles and low consumer confidence globally, which are finally catching up to the Italian outerwear maker. In a rocky year for luxury firms, Moncler was one of few companies to keep growing in the first half, increasing its sales by 15 percent.
Sales at the Moncler brand fell…
