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Moncler Group’s first quarter sales rose 1 percent to €829 million ($943 million) up 1 percent year-on-year and just above analyst expectations.
Stone Island and Moncler brands’ DTC channels both grew, while wholesale revenues were down 5 percent for Moncler and 19 percent for Stone Island.
Revenue in Asia grew 6 percent, while EMEA and the Americas saw a respective decrease in sales of 1 and 2 percent.
“The beginning of the year was marked by ongoing macroeconomic and geopolitical…
