Moncler reports loss as second-quarter sales plunge

Italian fashion group Monclerreported a first-half operating loss for the first time in its history on Monday as a drop in sales caused by the coronavirus crisis lockdowns accelerated sharply in the second quarter."It is difficult to know how the second half of the year will evolve," Chairman and CEO Remo Ruffini said in a statement.With shoppers confined at home during lockdowns in Moncler's main markets, sales in the second quarter were down by around50%, in line with analysts' estimates, foll