Moncler Group's Sales Fall 3% in Q3 2024

Moncler Group, parent to both the Moncler and Stone Island brands, released its Q3 2024 financial report on Wednesday, revealing that sales fell for both labels in the three-month period.Across the board, Moncler Group's revenues declined 3% to hit €636 million EUR ($687 million USD). On the Moncler front, revenues were down by 3% primarily due to a 9% decline in the wholesale channel, which was impacted by challenging market trends and ongoing efforts to "upgrade the quality of the distributi...