Moncler Group | Annual Report 2024 Board of Directors’ Report 28  | ’

Group structure

The Consolidated Financial Statements of the Moncler Group

(“Group”) at 31 December 2024 include Moncler S.p.A.

(“Moncler” or “Parent Company”), Industries S.p.A., Sportswear

Company S.p.A. (sub-holding companies directly controlled

by Moncler S.p.A.), and 50 consolidated subsidiaries in which

the Parent Company holds indirectly a majority of the voting

rights, or over which it exercises control, or from which it is able

to derive benef its through its power to govern both its

f inancial and operating policies. The af f iliated companies ALS

Luxury Logistic S.r.l. and Star Color S.r.l., owned at 30% and

24% respectively, are not consolidated and are accounted for

using the equity method.

Consolidation area

Moncler S.p.A.Parent company which holds the Moncler and Stone Island brands

Industries S.p.A.Sub-holding company for the Moncler brand, directly involved

in the management of foreign companies, in the distribution channels

(wholesale and retail in Italy) and licensee of the Moncler brand

Industries Yield S.r.l.Company that manufactures apparel products

Moncler Asia Pacif ic Ltd Company that manages DOS in Hong Kong SAR and in Macau SAR

Moncler Australia PTY Ltd Company that manages DOS in Australia

Moncler Belgium S.p.r.l.Company that manages DOS in Belgium

Moncler Brasil Comércio de moda e acessòrios Ltda.Company that manages DOS in Brazil

Moncler Canada Ltd Company that manages DOS in Canada

Moncler Denmark ApS Company that manages DOS in Denmark

Moncler Deutschland GmbH Company that manages DOS and promotes goods in Germany and Austria

Moncler España SL Company that manages DOS in Spain

Moncler France S.à.r.l.Company that manages DOS and distributes and promotes goods in France

Moncler Holland B.V.Company that manages DOS in the Netherlands

Moncler Hungary KFT Company that manages DOS in Hungary

Moncler Ireland Limited Company that manages DOS in Ireland

Moncler Istanbul Giyim ve Tekstil Ticaret Ltd. Sti.Company that manages DOS in Turkey

Moncler Japan Corporation Company that manages DOS and distributes and promotes goods in Japan

Moncler Kazakhstan LLP Company that manages DOS in Kazakhstan

Moncler Korea Inc.Company that manages DOS and distributes and promotes goods in South Korea

Moncler Malaysia SDN. BHD. Company that will manage DOS in Malaysia

Moncler Mexico S de RL de CVCompany that manages DOS in Mexico

Moncler Mexico Services S de RL de CVInactive Company

Moncler Middle East FZLLC Holding Company for the Middle East

Moncler New Zealand Limited Company that manages DOS in New Zealand

Moncler Norway AS Company that manages DOS in Norway

Moncler Prague sroCompany that manages DOS in the Czech Republic

Moncler Shanghai Commercial Co Ltd Company that manages DOS in China

Moncler Singapore Pte Limited Company that manages DOS in Singapore

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