In H1, mainland China resumed growth, with sales increasing by 53% year-on-year.
Meanwhile, in Q1, UGG® brand net sales decreased 6.0% from $207.9 million to $195.5 million.
KMD Brands said that near-term trading in Q4 was more challenging as rising cost-of-living pressures dampened consumer confidence.
Kiko’s CEO Simone Dominici asid the target for 2023 is to exceed 800 million in revenue and more than 100 million in EBITDA.
The Group expects turnover to return to pre-COVID-19 levels in 2023, thanks to investments in products and customer relationships.
Currently, more than 44% of Bimba y Lola’s business comes from outside Spain.
Reda is known for producing entirely “Made in Italy” and sustainable Merino wool fabrics.
Dr. Martens did not fare as well in the US market, where consumer confidence has weakened.
Giorgio Armani, the founder, concluded, “The medium-long term strategic path I have chosen to undertake continues to prove effective as is evidenced in the results.”
For Fiscal 2024, the Company expects revenues to increase approximately low-single digits to last year on a constant currency basis.