Report
Jean Danjou

Moncler : Accelerated slowdown in Asia, uncertain year-end, greater caution in our forecasts

>Sharp slowdown in Chinese demand points towards a virtually flat Q3 for the Moncler brand - The group's messages come as no surprise given recent comments from other companies in the sector. The deterioration in consumer spending in China, a slowdown in purchases by Chinese tourists in Japan and trends in Europe impacted by less buoyant tourism this summer have led us to expect weaker growth in Q3 for DTC under the Moncler brand than that seen in Q2, at +8%. On the b...
Underlying
Moncler SpA

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).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jean Danjou

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