On March 14 after the financial report was released, the stock of Tod’s Group rose accordingly. As of the close, the stock price rose by 7.02% to 36.28 euros compared with the previous trading day.
“Nevertheless, we can look forward with great confidence, as the need for sustainable innovations in the medium and long term is undiminished, while the demand for environmentally friendly fibers will continue to grow.”says Stephan Sielaff, CEO of the Lenzing Group.
Snow Peak said that it continued to focus on creating new customers and turning existing users into loyal customers both in Japan and overseas.
Recovery was primarily driven by domestic guests, with levels exceeding those of 2019. Whereas international travelers, even whose number grows sharply, failed to return to the level of 2019.
Sales and profit growth in all regions, except China, exceeded expectations, the group said.
The Asia-Pacific region is the largest market for Hermes, with sales of 6.657 billion euros in 2022, accounting for 57%.
Lanvin, the Group’s flagship brand, grew global revenue by 67%, with record 145% growth in its Wholesale business.
If the deal goes through, it would be at a discount of around 90% to the initial public offering price of 295p roughly 18 months ago.