Moncler’s stock took a step back during its second day of trading on the Milan Stock Exchange, but the company is still well ahead after its blockbuster debut on Monday.
Shares of the outerwear firm closed down 5.5 percent Tuesday to 14.15 euros, or $19.46 at current exchange. The stock hit a high of 14.75 euros, or $20.30, in midday trading and closed 38.7 percent ahead of its initial opening price of 10.20 euros.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)