Moncler is a jacket and sportswear production group based in Italy. Co. directly produces and distributes its own clothing and accessories collections, through its direct boutiques and exclusive department and multibrand stores. Co. branded products range from the high fashion segment with the Gamme Rouge and Gamme Bleu collections (exclusive products and selected distribution to boutiques) to the Grenoble collection (sporting and technical garments). As of Dec 31 2013, Co. operated a network of 135 stores, including 107 directly operated stores (DOS) and 28 wholesale stores (27 shop-in-shop and 1 franchise store).
  • TickerMONC
  • ISINIT0004965148
  • SectorPersonal Goods
  • CountryItaly
Cedric Rossi

MONCLER | BUY | EUR39 In-line H1 results; Moncler to fully control its digital business by end 2021

MONCLER | BUY | EUR39 In-line H1 results; Moncler to fully control its digital business by end 2021 Q2 dropped by 52% FX-n despite a DD growth in mainland China H1 results bear one-off costs of EUR40m related to Covid-19 D+DTC = Digital goes Direct in 2020-21

Cedric Rossi ...
  • Loic Morvan

SECTOR UPDATE | Luxury & Fashion | Hit but not sunk!

SECTOR | Luxury & Fashion | Hit but not sunk! Although more and more countries are easing lockdown measures - except the US whose situation is more complex - we remain cautious on most luxury groups.

Moncler Spa: 1 director sold

A director at Moncler Spa sold 31,360 shares at 34.681EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board m...

Expert Corporate Governance Service (ECGS)

Moncler – AGM 11 June 2020

In item 2.1, shareholders are called to a binding vote on the remuneration policy. All the terms and performance conditions are disclosed. We welcome the amendments made to the long-term incentive plan, through the introduction of a variety of financial and non-financial performance indicators, the elimination of the possibility of early vesting and the vesting of shares even in the event of a lack of performance. In our opinion, the overall structure of variable remuneration schemes is adequate to align the interests of executives with the creation of sustainable value in the long term. There...

Expert Corporate Governance Service (ECGS)

Moncler – AGM 11 june 2020

In item 2.1, shareholders are called to a binding vote on the remuneration policy. All the terms and performance conditions are disclosed. We welcome the amendments made to the long-term incentive plan, through the introduction of a variety of financial and non-financial performance indicators, the elimination of the possibility of early vesting and the vesting of shares even in the event of a lack of performance. In our opinion, the overall structure of variable remuneration schemes is adequate to align the interests of executives with the creation of sustainable value in the long term. There...

Matthieu DRIOL

Short term view - MONCLER : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €29.92, then €27.52. Passing €40.09 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - MONCLER : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 29,92 €, puis 27,52 €. Le franchissement de 40,09 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Analyse court terme - MONCLER : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 29,92 €, puis 27,52 €. Le franchissement de 40,09 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - MONCLER : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €29.92, then €27.52. Passing €40.09 would question the continuation of the fall.

Matthieu DRIOL

Analyse moyen terme - MONCLER : La tendance est haussière.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 27,40 €. La tendance serait remise en cause par la rupture de 27,40 €.

Moncler Spa: 1 director sold

A director at Moncler Spa sold 31,360 shares at 34.681EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board m...

Cedric Rossi

MONCLER | BUY | EUR39 In-line H1 results; Moncler to fully control its digital business by end 2021

MONCLER | BUY | EUR39 In-line H1 results; Moncler to fully control its digital business by end 2021 Q2 dropped by 52% FX-n despite a DD growth in mainland China H1 results bear one-off costs of EUR40m related to Covid-19 D+DTC = Digital goes Direct in 2020-21

Cedric Rossi ...
  • Loic Morvan

SECTOR UPDATE | Luxury & Fashion | Hit but not sunk!

SECTOR | Luxury & Fashion | Hit but not sunk! Although more and more countries are easing lockdown measures - except the US whose situation is more complex - we remain cautious on most luxury groups.

Cedric Rossi

MONCLER: Q2 will certainly be challenging but all eyes are on the rebound expected in H2 | BUY | EUR38(+8%)

MONCLER - BUY | EUR38(+8%) Q2 will certainly be challenging but all eyes are on the rebound expected in H2 Q1 decline (-18%) a touch less pronounced than expected (-20%e) Resilient Europe, steep declines in Asia and North America Cautious optimism on improving trends in China Actions plans to weather covid and prepare for the H2 rebound

Cedric Rossi

MONCLER: After a steep crevasse in H1 Moncler should be back to the top in H2 | BUY | EUR38 vs. EUR41 (+17%)

MONCLER - BUY | EUR38 vs. EUR41 (+17%) After a steep crevasse in H1 Moncler should be back to the top in H2 Steep covid-19 cliff anticipated in H1... ... partly mitigated by MONC’s business that is H2-weighted Flexible cost base has its own limits

Moncler analysis

Moncler S.p.A is a luxury fashion brand mostly known for its skiwear. Founded in 1952 by René Ramillon and André Vincent, Moncler took its name from the abbreviation of Monestier-de-Clermont, an Alpine town near Grenoble, France. The brand was bought by the Italian entrepreneur Remo Ruffini in 2003, who listed the company on the stock exchange in 2013.

MONCLER sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of MONCLER (IT), active in the Clothing & Accessories industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date April 24, 2020, the closing price was EUR 32.58 and its target price was estimated at EUR 27.70.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Moncler – AGM 11 June 2020

In item 2.1, shareholders are called to a binding vote on the remuneration policy. All the terms and performance conditions are disclosed. We welcome the amendments made to the long-term incentive plan, through the introduction of a variety of financial and non-financial performance indicators, the elimination of the possibility of early vesting and the vesting of shares even in the event of a lack of performance. In our opinion, the overall structure of variable remuneration schemes is adequate to align the interests of executives with the creation of sustainable value in the long term. There...

Expert Corporate Governance Service (ECGS)

Moncler – AGM 11 june 2020

In item 2.1, shareholders are called to a binding vote on the remuneration policy. All the terms and performance conditions are disclosed. We welcome the amendments made to the long-term incentive plan, through the introduction of a variety of financial and non-financial performance indicators, the elimination of the possibility of early vesting and the vesting of shares even in the event of a lack of performance. In our opinion, the overall structure of variable remuneration schemes is adequate to align the interests of executives with the creation of sustainable value in the long term. There...

Expert Corporate Governance Service (ECGS)

Moncler - AGM 16 March 2020

The EGM is called to approve several amendments to the Company's Bylaws, pertaining to different areas of corporate governance, in a single resolution: - Introduction of the possibility to assign an additional voting right to shares that have been registered in a "Loyalty Register" kept by the Company for at least 24 months. - Changes to the composition and mechanism of election of the Board of Directors. In particular, a majority of Board members shall be independent, including the Chair, and the Board will be entitled to submit a slate of nominees for the election of its members. - Introd...

Expert Corporate Governance Service (ECGS)

Moncler April 16th, 2019

In item 2, shareholders are called to an advisory vote on the remuneration policy. We regret that the long-term incentive exclusively depends on EPS, as it may be increased through share buy-back programs activated by the Company. We also note that 15% of the annual bonus depends on a qualitative assessment of undisclosed indicators related to sustainability and people engagement. Also taking into account that the Chairman-CEO's fixed remuneration (€ 1.5 million) is substantially above the median at comparable companies (€ 1.1 million), we recommend opposition. In item 3.3, the AGM is called ...

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