Fashion

Zegna Group posts strong revenue growth in FY22

7 days ago   |   By Fashion United

Image: Courtesy of Zegna
In the fourth quarter, Zegna Group generated revenues of 407 million euros, a 0.5 percent decrease, bringing total revenues for FY 2022 to 1,493 million euros, up 15.5 percent.
At cFX, revenues grew 11 percent and declined 2.9 percent in FY 2022 and in the fourth quarter, respectively.
The group expects a moderate improvement in adjusted EBIT and a substantial improvement in profit for FY 2022 compared to 2021 despite significant headwinds in the GCR. Zegna targets 2 billion euros in revenues and 15 percent adjusted EBIT margin in the medium term, excluding the Tom...
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VIA Outlets reports record 2022 brands sales of 1.2 billion euros

7 days ago   |   By Fashion United

Image: Landquart Fashion Outlet | Credit: Via Outlets
European shopping mall operator VIA Outlets enjoyed a “record-breaking” year in 2022 with brand sales across its portfolio increasing 2 percent year-on-year to reach 1.2 billion euros.
That figure was also 3 percent above pre-pandemic levels from 2019.
The company, which operates 11 outlet shopping centres in nine countries across Europe, said visitor expenditure last year was 27 percent higher than 2019 levels.
VIA Outlets CEO Otto Ambagtsheer hailed a “robust” recovery for the company in the wake of the pandemic.
“As European tourism...
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