BlackRock Surpasses 5% Threshold in Moncler Holdings business, fashion, fashion news

BlackRock, the global investment management corporation, has once again crossed the 5% ownership threshold for shares in Italian luxury fashion house Moncler. According to recent filings with the Italian stock market regulator, Consob, BlackRock’s holdings in Moncler now stand at 5.007%, categorized as «indirect and non-discretionary asset management.»

This development follows a period where BlackRock’s stake in Moncler dipped below the significant 5% mark. The renewed surge in ownership highlights BlackRock’s continued interest in the luxury goods sector and its confidence in Moncler’s performance.

Moncler has demonstrated robust financial performance in the first half of the year, with revenues increasing by 11% to reach €1.23 billion. This growth was driven by strong sales from both the core Moncler brand (€1.04 billion) and the Stone Island subsidiary (€188.9 million).

The second quarter saw continued growth momentum, with revenues reaching €412.2 million, representing a 3% increase compared to the same period in the previous year. This positive trend indicates the sustained demand for Moncler’s luxury products despite ongoing global economic uncertainty.

Under the leadership of CEO Remo Ruffini, Moncler has successfully navigated market challenges and maintained its position as a leading player in the luxury outerwear market. The company’s commitment to innovation, quality craftsmanship, and brand storytelling continues to resonate with consumers worldwide.

BlackRock’s increased stake in Moncler signals a vote of confidence in the company’s long-term growth prospects and reinforces its position as an attractive investment opportunity within the luxury sector.