16 days ago | By Fashion United

Image: Courtesy of Prada
The Prada S.p.A. net revenues of 4.2 billion euros, increased 21 percent in the year to December 31, 2022, while retail sales of 3.7 billion euros were up 24 percent.
The company reported continued strength across all product categories with leather goods up 18 percent, ready to wear, up 27 percent and footwear up 29 percent.
Gross margin was 78.8 percent of revenues, equal to 3.3 billion euros and adjusted EBIT margin was 20.1 percent of revenues, equal to 845 million euros.
Commenting on the trading results, Prada Group executive director, Patrizio Bertelli said...
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Mango 2022 profit up, turnover crosses 2.7 billion euros

16 days ago | By Fashion United

Image: Mango flagship store in Paris
Mango closed 2022 with a pre-tax profit of 103.3 million euros, up 26.2 percent, while net profit was 81 million euros, an increase of 20.9 percent compared to 2021.
The company's turnover reached 2.688 billion euros, the highest in the company's history and 20.3 percent more than in the previous year and 13.2 percent compared to 2019.
Commenting on the results, Toni Ruiz, Mango's chief executive officer, said: “We have closed what is probably one of Mango's best years, overcoming complex market circumstances and committing to strong investments with a...
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Hugo Boss 2022 revenues cross 3 billion euros, raises dividend

16 days ago | By Fashion United

Image: Boss store, Oxford Street, London
Hugo Boss announced Wednesday that sales in fiscal year 2022 increased by 27 percent currency-adjusted to 3.7 billion euros. In group currency, that translated to an increase of 31 percent.
The company noted that the robust performance was achieved despite high levels of macroeconomic and geopolitical uncertainty in fiscal year 2022, including global supply chain disruptions, the economic implications of the war in Ukraine, and long-lasting pandemic-related restrictions in China.
For the full-year, the company's EBIT increased by 47 percent to 335...
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