Moncler group, the owner of moncler and stone island, reported the year ending 31 december 2024, up 7% in the last year, partially due to the recovery in china for both brands.
Both moncler and stone island's dtc (direct-to-consumer) revenues increased by double-digit growth in 2024, up 8% from last year.
Despite the headwinds in the macroeconomy, growth in moncler in mainland china remained steady in the quarter, with higher growth rates compared to q3 and other asia-pacific markets.
In q4, emea and the americas saw their revenues rise 3% and 5% yoy growth in revenue, on the other hand, saw its earnings decline 1% to 401.61 million usd) in 2024, largely due to its strong results in japan, as well as a strong increase in 2024 to 401.87 million usd).
Both stone island, emea, and the americas saw a rise in demand since last winter, although south korea's puffer jackets were still relatively poor.
Despite the competition, both brands, including canada goose and bosideng, saw growth in china last year.
2025 dao insights & dash; you can see how the brands fared well in china last year.
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