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Moncler

How a French mountaineering jacket became a $15 billion luxury brand by limiting supply and turning puffer coats into status symbols.

Montclair made mountaineering jackets starting in 1952. Climbers wore them on Everest. The company was profitable, but niche. Rimo Rufini saw something else. A jacket protecting from cold could signal lifestyle and identity, not just mountaineering function. He repositioned Montclair as a luxury brand to wealthy urban audiences. Rufini partnered with prestigious fashion designers. Montclair collaborated with Valentino, Givenchy, and Uniqlo. Prices climbed from $200 to 1,500. The jacket transformed into a luxury object. Wealthy people in Milan, New York, and Tokyo wore Montclair not for climbing, but to signal taste and status. Most brands grow by improving features and performance.

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