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Shares in Italy's Moncler rose more than 4% on Thursday after the fashion group released better-than-expected results, lifting some of the gloom over the luxury sector....
For the first time in its history, Moncler Group revenues exceeded the 1 billion euro mark in the first half of the year.
Analysts see the changes in the management structure at Kering as a positive development.
Resilient sales in China would be a relief for global companies struggling with higher energy and wage costs, and as customers elsewhere slow spending on high inflation.
The world's top consumer and luxury goods companies have seen sales of everything from cosmetics to condoms grow in China since Beijing ended strict COVID-19 curbs, another sign that the world's No.