February 10, 2020 / 5:30 PM / 12 days ago

BRIEF-Moncler CEO Says Company Started To Postpone Some Costs And Investments Due to China Coronavirus

Feb 10 (Reuters) - Moncler SpA CEO Remo Ruffini in a statement after 2019 results:

* MONCLER CEO SAYS COMPANY STARTED TO POSTPONE SOME COSTS AND INVESTMENTS WHILE FOCUSING ONLY ON PROJECTS ESSENTIAL TO FURTHER CONSOLIDATE BRAND DUE TO CORONAVIRUS

* MONCLER CEO SAYS COMPANY HAS ALREADY PUT IN PLACE A CLEAR CONTINGENCY PLAN IN ALL DIVISIONS DUE TO CHINA VIRUS

* MONCLER CEO EXPECTS CURRENT CHINA VIRUS SITUATION TO RECOVER AT A FAST PACE BUT TODAY IMPOSSIBLE TO FORECAST HOW LONG IT WILL LAST

* MONCLER CEO SAYS HE’S CONFIDENT THAT MONCLER CAN FACE THIS SITUATION AND BECOME EVEN STRONGER Further company coverage: (Reporting by Milan newsroom)

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