Spanish label Scalpers set to grow by 50% in 2018, acquires Jorge Vázquez, Victoria
today Oct 22, 2018
Spanish fashion label Scalpers will close the 2018 financial year with a revenue of €64 million, up 50% over the €42.5 million generated in 2017, the label announced in a press release. Scalpers operates monobrand stores across Spain and several Latin American and European countries, including France and the UK.
Scalpers initially focused on menswear and childrenswear, but last September it took the plunge and launched a womenswear line too. It also acquired a stake in womenswear label Jorge Vázquez and bridal wear brand Victoria.
Scalpers indicated that its run rate at the end of the year would bring it close to €82 million, while consolidated EBITDA is expected to grow by approximately 12.5%.
In 2018, Scalpers also decided to diversify its business, acquiring a majority stake in high-end womenswear label Jorge Vázquez and a minority one in bridal wear and evening dress brand Victoria.
With Scalpers as the new majority shareholder, Jorge Vázquez also made a personnel change at the top, hiring María Jesús Martín as its new CEO. Martín has a 23-year-plus experience in the fashion industry, and worked at the Cortefiel group, where she was in charge of womenswear and the Pedro del Hierro brand. She also worked at El Corte Inglés and Trucco.
Jorge Vázquez is led by the eponymous designer and operates five monobrand stores, as well as being distributed via 40 multibrand retailers worldwide. It will open a new boutique at 30 calle Serrano in Madrid next November.
Scalpers also bought a stake in Victoria, a Spanish brand specialised in bridal wear and evening gowns, designed by Creative Director Vicky Martín Berrocal. Victoria operates two monobrand stores in Spain, in Seville and Madrid, and is planning to open two more in 2019. It is also distributed via 40 multibrand retailers around the world.
Scalpers was founded in 2007 and currently has more than 500 employees and 186 stores in 11 countries. It plans to end the financial year with 191 active stores.
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