01

Fashion Without Borders has learned that La Chapelle has released its first three-quarters results, showing a 78% year-on-year plunge in revenue to 364 million yuan and a net loss of 288 million yuan. In addition, the group also announced that it had recently added two new litigation cases, so that the company has been involved in a total of 58 litigation cases, involving a total amount of $530 million. To date, a total of 144 bank accounts under the company have been frozen, with a frozen amount of approximately RMB126 million. 17 subsidiaries have been frozen in equity and 4 real estate properties with a total value of approximately RMB1,704 million have been seized.

La Chapelle has released its first three-quarters results

02

UGG parent company’s second-quarter revenue up nearly 16 percent

Fashion Without Borders has learned that UGG’s parent company, Deckers Group, reported a 15.8% year-on-year increase in sales to $720 million in the second fiscal quarter ended September 30, with a gross margin of 50.9% and an operating profit of $128.2 million, almost unchanged from the same period a year earlier. By brand, sales of the UGG brand rose 8% year-on-year to US$484 million, sales of the HOKA ONE ONE brand jumped 47% year-on-year to US$210 million, sales of the Teva brand rose 4% year-on-year to US$28.86 million and sales of the Sanuk brand rose 6.2% year-on-year to US$10.16 million, covering the other Koolaburra brand divisions. Deckers Group said it expects full-year net sales for fiscal 2022 to be in the range of US$3.01 billion to US$3.06 billion.

UGG’s parent company, Deckers Group,

03

Moncler’s third quarter revenue soars 55%

Fashion Without Borders has learned that luxury down brand Moncler Group’s latest results show that revenue in the first three quarters jumped 54% year-on-year to €1.177 billion. Among them, third-quarter revenue rose 55% year-on-year to €555 million, also recording a strong 33% increase over the same period in 2019. By brand, Moncler brand revenue jumped 27% year on year to €455 million; Stone Island’s revenue was over €100 million.

The group said the growth was driven by the excellent performance of the DTC channel, particularly strong growth in China, Korea, and the US, as well as an accelerated improvement in EMEA. In addition, the digital and physical presentation of the creative project Moncler Genius 2021 reached 4.2 billion people and 510 million views, with 30 percent of the views coming from China.

uxury down brand Moncler Group’s latest results