×
2 974
Fashion Jobs
HARRODS
Buyers Clerk (Food)
Permanent · LONDON
HARRODS
Lead Art Editor
Permanent · LONDON
JOHN LEWIS
Brand Experience Manager
Permanent · HIGH WYCOMBE
JOHN LEWIS
Section Manager – Training
Permanent · MILTON KEYNES
SUPERDRY
Internal Audit Manager
Permanent · CHELTENHAM
ESTEE LAUDER
Clinique - Consultant - Selfridges, London - 15 Hours, 2 Days - Part Time, Permanent
Permanent · Londres
ESTEE LAUDER
Tom Ford Beauty - Product Manager (Fragrance)
Permanent · Londres
ESTEE LAUDER
The Estée Lauder Companies - UK dc Warehouse Operative – Goods in (Tuesday-Friday 06:00 - 14:00 & Saturday 08:30 – 16:30)
Permanent · Fareham
AESOP
Retail Consultant | Full Time | Aesop Northcote Road, London
Permanent · London
AESOP
Retail Consultant | Part Time | Aesop Northcote Road, London
Permanent · London
AESOP
Retail Consultant | Full Time | Aesop Richmond, London
Permanent · Richmond
AESOP
Retail Consultant | Part Time | Aesop Richmond, London
Permanent · Richmond
BOOHOO GROUP
Warehouse Operative - 3on/3off - 14:00-02:00
Permanent · CRICK
COAST
Art Director
Permanent · LONDON
BERSHKA
General Manager - Bershka Blanchardstown
Permanent · DUBLIN
ZARA HOME
Zara Home White City - General Manager (Maternity Cover)
Permanent · LONDON
SELFRIDGES
Finance Systems Analyst
Permanent · LONDON
BOOHOO GROUP
Warehouse Operative - 14:00-02:00
Permanent · CRICK
URBN
Urban Outfitters Performance Marketing Manager - London, UK
Permanent · LONDON
HARRODS
Senior Buyer's Clerk - Accessories
Permanent · LONDON
HEAD OFFICE
Head Chef Food Production – Victoria Head Office
Permanent · LONDON
ESTEE LAUDER
Sales & Education Executive, Estee Lauder - Travel Retail Emea (Based UK)
Permanent · Londres
Ads
Translated by
Roberta HERRERA
Published
Jun 29, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Loewe sales jump 38% in 2021 to €456 million

Translated by
Roberta HERRERA
Published
Jun 29, 2022

Loewe closed 2021 with double-digit growth. The Spanish luxury fashion and accessories firm owned by the French LVMH group increased its sales to €456.2 million in the last fiscal year, which represented a growth of 38% compared to 2020 and 32% compared to 2019.


Loewe store in Barcelona - Loewe


Meanwhile, operating income amounted to €82.25 million, compared to €5.5 million in 2020 and €44.3 million in 2019, according to the economic daily Expansión on the basis of results filed by the company with the Mercantile Registry.

Earnings were also on the rise. Loewe earned a total of €68.16 million in 2021, eight times more than in 2020 and 14.5% more than in 2019.

The division that brought in the most revenue for the company was retail, which accounted for €299 million (41 % year-on-year growth). The Asian market grew by 55% to €141.1 million; the Japanese market, which the company breaks down given its importance, increased its sales by 28% to €74.7 million; the European market rose by 26% to €59.2 million and the U.S. market grew by 50% to €23.9 million.

Loewe's multi-brand sales amounted to €111.6 million, up 28% from a year earlier, and online sales increased by 63% to €42 million. Other operating income of almost €52 million was also reported in the filed accounts, although their origin is not disclosed.

Against this backdrop, and after not having paid dividends to its parent company in 2020, Loewe will bring €75.62 million to the LVMH group, an amount resulting from the sum of its earnings (€68.16 million) and the €7.46 million of a final dividend.

Other milestones reported by the company include the creation of its subsidiary for South Korea in 2021 and the Spanish tax authorities' notice (as early as March 2022) of the commencement of an inspection on the payment of corporate income tax for the 2016 and 2017 financial years.

Copyright © 2022 FashionNetwork.com All rights reserved.