The Group expects turnover to return to pre-COVID-19 levels in 2023, thanks to investments in products and customer relationships.
The opening of new stores by the company has led to improved sales, and there has been some optimization in expense ratios.
Proya’s 6*N strategy demonstrates remarkable effectiveness.
Currently, Morellato Group’s brands are present in over 40 countries, with a strong focus still centered in Europe. However, in the coming years, the company’s priority will shift towards the Middle East and further attention will be given to the United States and China.
The sales in the UK market specifically experienced a decline of 10%.
Domestic Tourism Market Shows Signs of Gradual Recovery!
Currently, more than 44% of Bimba y Lola’s business comes from outside Spain.
Benefiting from the improved market conditions in China in recent months, as well as the growth of the DTC (direct-to-consumer) model and brand awareness, the group’s performance in the second half of the year improved, recording a 9% year-on-year growth.
Bosideng achieved record-high revenue and net profit in its latest fiscal year.
Reda is known for producing entirely “Made in Italy” and sustainable Merino wool fabrics.