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LVMH MO╦T HENNESSY LOUIS VUITTON SE

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Moncler CEO: I don't see consolidation in Italian fashion market

05/27/2021 | 07:54am EDT
FILE PHOTO: Milan Fashion Week Autumn/Winter 2020

ROME (Reuters) - The chief executive of Moncler said on Thursday that he did not expect consolidation in the Italian fashion market due to a deep history of family ownership of companies, but indicated that he was not constrained by this culture.

In a European luxury goods industry dominated by French conglomerates LVMH and Kering, Italian players - most of them family-owned and run - are under pressure from investors to consolidate into larger groups, with fashion brand Moncler often seen by analysts as a possible target.

"I do not see consolidation in Italy," Moncler CEO Remo Ruffini said at an online conference on fashion hosted by publisher RCS.

"In Italy everyone wants to hold the majority, and I understand this, most companies have a long history, four, five generations long and it's hard to let go," he added. "It's cultural."

However Ruffini said that he was "not bothered by stakes" and preferred to focus on the profitability of his company.

"I want to create a strong group with a strong profitability and I am open to any solution that follows this logic," he added, without elaborating.

(Reporting by Giulia Segreti; Editing by Pravin Char)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
KERING 0.93% 781.4 Real-time Quote.30.30%
LVMH MOËT HENNESSY LOUIS VUITTON SE 1.46% 697 Real-time Quote.34.47%
MONCLER S.P.A. 0.96% 58.84 Delayed Quote.16.23%
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Financials
Sales 2021 61 065 M 72 572 M 72 572 M
Net income 2021 10 078 M 11 977 M 11 977 M
Net Debt 2021 12 463 M 14 811 M 14 811 M
P/E ratio 2021 34,1x
Yield 2021 1,15%
Capitalization 346 B 411 B 411 B
EV / Sales 2021 5,87x
EV / Sales 2022 5,25x
Nbr of Employees 148 343
Free-Float 52,2%
Chart LVMH MO╦T HENNESSY LOUIS VUITTON SE
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LVMH MoŰt Hennessy Louis Vuitton SE Technical Analysis Chart | MC | FR0000121014 | MarketScreener
Technical analysis trends LVMH MO╦T HENNESSY LOUIS VUITTON SE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 687,00 €
Average target price 725,32 €
Spread / Average Target 5,58%
EPS Revisions
Managers and Directors
Bernard Arnault Chairman & Chief Executive Officer
Jean-Jacques Guiony Chief Financial Officer
Charles de Croisset Independent Director
Diego della Valle Independent Director
Yves-Thibault de Silguy Independent Director
Sector and Competitors
1st jan.Capi. (M$)
LVMH MOËT HENNESSY LOUIS VUITTON SE34.47%411 339
LULULEMON ATHLETICA INC.15.69%52 407
V.F. CORPORATION-4.19%32 107
LI NING COMPANY LIMITED50.09%25 523
MONCLER S.P.A.16.23%18 570
LEVI STRAUSS & CO.41.93%11 450