Moncler shares struggle despite defying luxury's Middle East slump

Tamara Ceaikovski

Moncler shares struggled on Wednesday, despite posting quarterly results that beat earnings expectations on Tuesday. The earnings beat followed a series of underwhelming reports from European luxury players last week. LVMH , Kering , and Hermes disappointed investors with earnings misses last week, driven by subdued sales in the Middle East amid the conflict there, which is in its seventh week. But Moncler saw a smaller impact from the Iran war and solid performance in Asia. It flagged that