Moncler Group | Annual Report 2024 Board of Directors’ Report 28 Moncler Group | Annual Report 2024 Board of Directors’ Report 29

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

Moncler Suisse SA Company that manages DOS in Switzerland

Moncler Sweden AB Company that manages DOS in Sweden

Moncler Taiwan Limited Company that manages DOS in Taiwan Region

Moncler UAE LLC Company that manages DOS in the United Arab Emirates

Moncler UK Ltd Company that manages DOS in the United Kingdom

Moncler Ukraine LLC Company that managed DOS in Ukraine, now inactive

Moncler USA Inc.Company that manages DOS and promotes and distributes goods in North America

White Tech Sp.zo.o.Company that manages quality control of down

Sportswear Company S.p.A.Sub-holding company for the Stone Island brand, directly involved

in the management of foreign companies, in the distribution channels

(wholesale and retail in Italy) and licensee of the Stone Island brand.

Stone Island Amsterdam B.V. Company that manages DOS in the Netherlands

Stone Island Antwerp B.V.B.A. Company that manages DOS in Belgium

Stone Island Austria GmbH Company that manages DOS in Austria

Stone Island Canada Inc.Company that manages DOS in Canada

Stone Island China Co., Ltd Company that manages DOS in China

Stone Island España S.L.Company that manages DOS in Spain

Stone Island France S.a.s.u.Company that manages DOS in France

Stone Island Germany GmbH Company that acts as Agent for Germany and Austria

and manages DOS in Germany

Stone Island Hong Kong Limited Company that manages DOS in Hong Kong

Stone Island Japan Inc. Company that manages DOS and promotes and distributes goods in Japan

Stone Island Korea Co Ltd Company that manages DOS and promotes and distributes goods in Korea

Stone Island Macau Limited Company that manages DOS in Macau

Stone Island UK Retail Ltd Company that manages DOS in UK

Stone Island Suisse SA Company that manages DOS in Switzerland

Stone Island Sweden AB Company that manages DOS in Sweden

Stone Island USA IncCompany that manages DOS and promotes and distributes goods in USA