We added Moncler S.p.A. ( MIL:MONC ) to the portfolio. Moncler is a well-established luxury outerwear brand also based in Italy that is embarking on a global expansion strategy. The company's sales grew 38% in the most recent quarter as it has been witnessing strong growth in the Americas and Asia, two underpenetrated regions.
- From the Wasatch International Growth Fund Q2 2015 shareholder letter
- Wasatch International Growth Fund Comments on Salvatore Ferragamo Italia
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