The Italian luxury brand achieved a turnover of 1.3 billion euros for the financial year 2016/2017, quadrupling its net profit, which soared from approximately 18 million in 2015 to 80 million a year later.
The complicated unravelling of the Surfstitch empire continues with news that UK-based Surfdome, which it has just sold, is now exclusive global e-tail provider for another ex-Surfstitch property, Magicseaweed.
British designer brand Orla Kiely saw sales jump 15.8% to £8.3 million in the year to end of March, with continued success in the Far East, the US market and its handbag range contributing to the growth.
The Harvey Weinstein scandal is hitting the business of British designer Georgina Chapman with her and Keren Craig’s Marchesa label seeing plans for a licensed jewellery line being dropped by the licensee.
N Brown may not be powering ahead on the profits front yet but sales are rising and market share is growing for its Power Brands. It's also boosting e-tail and has plans to grow its business in the US.