PARIS — Moncler, the Milan-based down jacket specialist, is to shutter its Pepper Grenoble French subsidiary and logistics site, based in Echirolles, near Grenoble.
This story first appeared in the December 2, 2009 issue of WWD. Subscribe Today.
The site, which also works on prototypes for Moncler, has been working with the brand since its creation by René Ramillon in 1952.
Moncler, which last month said it is teaming with Pharrell Williams for a special line of men’s jackets for fall, was acquired by Remo Ruffini, its president and creative director, from multilabel manufacturer Fin.part in 2003.
Lorenzo Cirasaro, director of human resources and organization for Pepper Grenoble, which employs 48 people and has seen sales more than double over the period of 2005 to 2008, to some 66.7 million euros, or about $98 million at average exchange, said Moncler plans to pass its logistics to an external Italian contractor as part of its development strategy.
“It is not a problem linked to our results. It’s a strategic decision by Moncler to secure its future,” he said. “Even if business is doing well, fashion is a fickle business.”
A spokesman for Moncler declined to comment on the site’s closure and sales figures.