
In 2021, Italian footwear manufacturer Geox generated a revenue of €608.9 million, recording a net loss of €62.147 million, compared to one of €128.2 million a year earlier.
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In 2021, Italian footwear manufacturer Geox generated a revenue of €608.9 million, recording a net loss of €62.147 million, compared to one of €128.2 million a year earlier.
First half (H1) sales at Italian brand Geox grew 8.4% to €264m compared to €243.6 million in same period of FY20. Despite challenges during Q1, the company recovered strongly in the next quarter where sales expanded 91%.
The Italian brand reported a 39 per cent sales decline to €243.6 million in its first half that ended on June 30, compared to sales of €399.4 million in the same period last year, but e-tail surged.
Malls giant Eurocommercial Properties unveiled its coronavirus strategy Thursday morning given the large number of Italian shopping centres it has. And that strategy focuses on delaying rent payments for some tenants.
In 2019, Geox generated a revenue of €805.9 million, equivalent to a 3.3% shortfall at constant exchange rates. The footwear group is downsizing in the multibrand and franchised retail channels to reduce business risk.
Former Clarks boss Mike Shearwood has taken the British footwear business to an employment tribunal in an attempt to defend himself following his shock exit in June last year.
Marco Dippe has been promoted to the role of CEO of EMEA & Global Travel Retail, while Marcus Meyer will take over as CEO of Central & Northern Europe.
The renowned photographer will hold an exhibition of his favourite works in Milan from Oct.18, 2019, to Feb. 24, 2020. Entitled "From Portraiture to Fashion," it will be staged at the 29 Arts in Progress gallery.
The Italian footwear group closed H1 2019 with a revenue of €399.4 million, down 3.5% compared to the previous financial year. EBITDA lost nearly 26%, reaching €18.7 million.
The Italian footwear brand, known for the ‘shoes that breathe’, recorded a revenue of €827.2 million in the 2018 financial year, with operating margin falling significantly and net income in the red.