Moncler
 | |
| Traded as | BIT: MONC |
|---|---|
| Industry | Fashion |
| Founded | 1952 |
| Headquarters | Milan, Italy |
Key people |
René Ramillon (Founder) Remo Ruffini (President and Creative Director) |
| Revenue |
 €363,700,000[1] |
| Website | moncler.com |
Moncler is a French apparel manufacturer and lifestyle brand founded in 1952 by René Ramillon most known for its down jackets and sportswear. Moncler took its name from the abbreviation of Monestier-de-Clermont, an Alpine town near Grenoble, France. In 2003, the brand was bought by the Italian entrepreneur Remo Ruffini. Moncler’s flagship store is on the Rue du Faubourg Saint-Honoré in Paris.[2] Moncler is especially known for its down jackets.
History
The name is an abbreviation of Monestier-de-Clermont, a village in the mountains near Grenoble. At the outset, Moncler produced quilted sleeping bags, a single model of a lined cagoule and tents with a telescopie structure and outside cover. The first quilted jackets were conceived for protecting workers from the cold. They used the jackets on top of their overalls in the small mountain establishment. The first to note them and realize their potential was the French mountaineer Lionel Terray. The result saw the specialist range "Moncler pour Lionel Terray": quilted jackets, salopettes, gloves, high-resistance sleeping bags, and extreme protection made them suitable for the harshest climates. All were put to the test in the course of expeditions and were gradually improved.
In 1954, Moncler quilted jackets were chosen to equip the Italian expedition to Karakorum, which culminated with the conquest of the earth's second highest summit by Achille Compagnoni and Lino Lacedelli. Moncler also accompanied the French expedition which reached the summit of Makalù in 1995 and was the official supplier for expeditions in Alaska organised by Lionel Terray in 1964.
On occasion of the Grenoble Winter Olympics, Moncler became the official supplier of the French national downhill skiing team. It was a special event that was also to mark the change in logo: Mount Eguit, which rises up behind the village, was replaced by the cockerel. It was the French national downhill skiing team itself that requested a variation on the quilted jacket: it was no longer to be the double version but a single garment that would be more manageable, light, and well-suited to competition requirements. Initially called "Huascaran" and then "Nepal", with the addition of leather epaulettes for resting the skis on without damaging the fabric, this more flexible and comfortable version of the jacket was to all intents and purposes the precursor of the present-day Moncler jacket, and heralded its success.
Chantal Thomass, a designer who worked with the company until 1989, overhauled the appearance of the quilted jacket and she replaced the zipper with buttons and used fur trim, satin, and reversible fabrics.
In 2003, Moncler was bought out by the Italian entrepreneur Remo Ruffini, current President and Creative Director, who was to introduce the strategy of the global quilted jacket.
The IPO of Moncler on the Milan Stock Exchange took place on 16 December 2013, with an initial value of €10.20 per share.[3] The shares were 31 times oversubscribed and rose 47% on the first day, resulting in a market capitalization of nearly €4 billion.[4][3] Moncler hired celebrity photographer Annie Leibovitz in August 2013 to shoot an ad campaign.[5]
Collections
- Moncler: main line for men and women (since 1952)
- Moncler Enfant: kidswear collection
- Moncler Grenoble: the collection made its debut in New York in 2010 during New York Fashion Week
- Moncler Gamme Rouge: Moncler's haute couture collection designed by Alessandra Facchinetti and then by Giambattista Valli. Since 2008, the collection is presented during Paris Fashion Week.
- Moncler Gamme Bleu: men’s collection designed by Thom Browne and presented at Milan Fashion Week
- Moncler Lunettes: a line of sunglasses created by music producer Pharrell Williams in August 2013
Distribution
Moncler is sold at retailers and boutiques worldwide,[6] as well as standalone boutiques in ski resorts.
.svg.png){kind=small}
Counterfeiting
Moncler faces major issues with counterfeit products. There have been a number of incidents in which counterfeit Moncler jackets are sold online through fake websites. Moncler has set up a online code verification system, to check the validation of the product.[7] Online fashion blogs are helping online customers to see the differences between the real moncler jackets and the fake ones. [8]
See also
References
- ↑ "Moncler compie 60 anni" (in Italian). Retrieved 25 January 2013.
- ↑ Imran Amed, "Remo Ruffini, Chairman and Chief Executive Officer, Moncler", businessoffashion.com 22 October 2014
- ↑ Stock, Kyle (December 9, 2014). "How Wall Street Puffed Up Sales of $800 Down Parkas". Bloomberg Businessweek.
- ↑ Store Locator
- ↑ "Moncler". Moncler. 23 December 2015. Retrieved 7 July 2016.
- ↑ "Moncler fake vs real". Couturefashion. 5 October 2016. Retrieved 7 October 2016.