The pandemic has forced luxury goods companies to use social media, video and virtual showrooms to woo their wealthy customers in Europe when tourists, especially from China, have been absent for more than a year.
Ruffini Partecipazioni, the investment vehicle of Moncler CEO Remo Ruffini, said on Wednesday it had completed the accelerated bookbuilding for the placement of a 3.2% stake at a price of 48.80 euros per share.
Sales at luxury puffer jacket maker Moncler recovered in the key final quarter of 2020 to rise by 8% despite the fallout from the coronavirus pandemic, as soaring revenues in Asia helped it offset a decline in Europe.
Reviving old-fashioned or forgotten brands requires a set of certain skills – patience, respect for DNA, deep-pockets and real affection for a marque, which for some reason Italians seem particularly good at doing.
Co-founded by two retired scientists, Sustainable Composites uses an innovative chemical process to recycle leather into a material that looks, smells and feels identical to the original leather from which it was made.
Gucci has hung on to its most-in-demand number one position in the latest Lyst Index while The North Face had the hottest product in Q4, topping both the women’s and men’s list - a first for the index.