Recently, the Italian cashmere textile group Gruppo Reda announced its financial data for 2022: the total annual revenue is approximately 115 million euros, an increase of 42% from the 80 million euros in 2021, and the EBITDA has quadrupled.
The group said it regards it as a particularly positive figure when factoring in rising energy costs, which have tripled this year, and the difficulty of finding raw materials.
Reda is known for producing entirely “Made in Italy” and sustainable Merino wool fabrics. In 2020, due to the severe impact of Covid-19, the group’s turno …
