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Italian high-end garments company Moncler finished the year on a favorable note and also the business is off to a good begin for 2017, its President said on Sunday.
” We closed 2016 well,” Chief Executive Officer Remo Ruffini informed press reporters on Sunday, without specifying.
Xmas sales for the business, best understood for its down-filled skiwear layers, chased a tough fall for the deluxe sector as a whole.
” After a difficult circumstance, the skies have actually illuminated … we have had an exceptional start to the year,” Ruffini included, talking on the sidelines of the brand name’s menswear program for its Moncler Outlet Gamme Bleu line.
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Ruffini did not offer further details when it come to the team’s revenue, which was formerly anticipated to have actually risen to 1 billion euros in 2016. Total profits in 2015 totaled up to 880.4 million euros.
Ruffini included that the in-house online business cheap moncler coats made up 3% of sales, a number which doubled if all various other online merchants offering their items were accounted for.
The CEO, considereded as the architect behind the radical spruce up of the brand name, said there were no further strategies to seek new investors in the firm after Singapore-based fund Temasek and Swiss-based travel retail company Dufry took an indirect risk in July.
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“Our company is currently more powerful to deal with the future ina more tranquil means,” Ruffini claimed.
He added that “it was an all-natural fate” for private-equity fund Eurazeo, which holds a 9.5 risk, to leave the shareholding of UK Moncler, though not in the short term.