Luxury apparel maker Moncler Group announced on Tuesday its full-year 2022 revenues reached EUR 2.6bn up 25 per cent when compared to 2021.
Moncler revenues in Asia (which includes APAC, Japan and Korea) were EUR 1.03bn, up 14 per cent, compared to 2021. In the fourth quarter, Moncler Asia grew 12 per cent on last year, increasing 56 per cent on 2019, driven by the acceleration of Korea and a solid performance in Japan.
The brand’s performance in the APAC region was hit during the months of October and November by the severe Covid restrictions in Mainland China, which were eased at the beginning of December, prompting a recovery of in store traffic, said the company.
