Moncler, the rapidly growing French ski and fashion apparel company, announced that Roberto Eggs will join its executive ranks May 1 as chief operating officer.
Roberto Eggs will report directly to Moncler’s Chairman and CEO, Remo Ruffini, and will be in charge of all business activities at a global level for the luxury apparel company.
Previously Eggs worked at Louis Vuitton, where he held the position as president of Europe, Middle East, India and Africa since 2013. He took that position after four years of running the South Europe Region and then the North Europe Region. He began his professional career in 1992 with the Nestlé group, holding international positions in marketing, after which he assumed the leadership of the consumer and business divisions of Nespresso as Vice-President.
Eggs has a degree in economics and management, with specializations at the London Business School and the IMD in Lausanne.
“I am very pleased that Roberto Eggs has decided to join our team”- commented Remo Ruffini, Moncler’s Chairman and CEO. “Roberto Eggs brings to Moncler significant knowledge about the rationale of international growth, together with a deep culture of the retail business and the luxury sector. I am sure that he will make a big contribution in terms of leadership and know-how to all the aspects of our brand’s future challenges by supporting the constant creation of value and excellence in all what we do.”
North American sales up 42 percent in 2014
On March 3, Moncler reported its sales grew 42 percent to €95.7 million in the Americas in both currency-adjusted and currency-neutral (c-n) terms. The excellent results in the United States and Canada were driven at both wholesale and retail, where Moncler opened six new stores.
Moncler's overall sales and profits also grew at a double-digit rate for the full year compared with 2013. Consolidated revenue reached €694.2 million in 2014, up 20 percent (21 percent c-n) compared to €580.6 million in 2013. Same-store sales grew 8 percent during the year.
The company reported adjusted EBITDA of €232.9 million, or 33.5 percent of revenues, compared with €191.7 million, or 33.0 percent in 2013.