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Italian luxury brand Moncler to pass on fur

Italian luxury brand Moncler, known for its high-end parkas, Tuesday joined a growing number of fashion firms dropping fur from their clothing. The brand, which took its name from the abbreviation of a French Alpine town, immediately drew criticism from the fur industry which called it a marketing ploy, as Moncler also announced a new collection...

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Business

Why Italy is not likely to see the formation of a new luxury group

Italy is not likely to see the formation of a new luxury group, which is perhaps not in the DNA of the country’s majority family-owned businesses. “I don’t think there will ever be a large luxury group in Italy. I don’t see any aggregations, said Moncler CEO Remo Ruffini, during a fashion roundtable ‘Fashion business and consumption’, organised...

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