Moncler: a strong finish to 2024
China can also harbour positive surprises as Moncler posted double-digit growth with the Chinese cluster, both domestically and overseas. This momentum mainly drove the 7% sales beat in Q4 and helped mitigate the FY EBIT margin erosion (-50bps to 29.5% vs. CSSe of 29%). Beyond tough Q1 comps we remMoncler 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).
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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