“Our fundamental belief is that when we focus on building our brand’s strength, engaging with our clients, taking care of our people, and integrating a long-term perspective in everything we do, our financial performance will follow.”

KMD Brands said that near-term trading in Q4 was more challenging as rising cost-of-living pressures dampened consumer confidence.

Anta and FILA brands accelerate growth, DESCENTE and KOLON SPORT maintain high growth.

For the second half of the 2023 fiscal year, the group anticipates excellent growth opportunities in all regions and across all price segments. However, the only concern is the unfavorable currency environment that could potentially pose challenges.

Kiko’s CEO Simone Dominici asid the target for 2023 is to exceed 800 million in revenue and more than 100 million in EBITDA.

Luxe.CO’s comprehensive coverage of brand and business portfolio changes of luxury giants from January 2019 to June 2023

The sales in the US market experienced a significant year-on-year surge of 52%, reaching £653 million, which accounted for 42% of the group’s total revenue.

China’s mainland achieved double-digit growth, while Hong Kong and Macau experienced triple-digit year-on-year growth.

Pettenon Cosmetics has achieved an impressive 70% of its revenue from overseas markets, with its products exported to 114 countries.

The opening of new stores by the company has led to improved sales, and there has been some optimization in expense ratios.