By  on October 24, 2018

MILAN — Moncler on Wednesday was the latest luxury brand to wave away any concern of a slowdown in China, reporting an 18 percent growth in revenues in the first nine months of the year. Kering earlier this week also saw no decelaration in Mainland China, as reported.

“Based on current visibility, Chinese demand is still very good, we are very happy with Chinese shopping locally and in other markets,” said Luciano Santel, chief corporate and supply officer in a conference call with analysts at the end of trading on Wednesday. “Everything we hear about duties, restrictions, rules on goods, we can’t really comment but [it has been] overestimated, we don’t see any, any sign of slowdown,” said Santel.

To continue reading this article...

load comments
blog comments powered by Disqus