In Q1 2022, the Italian eyewear group recorded net sales of €282.6 million, up by 8.4% at constant rates. Gross income was on the rise too, up by 23%, as were gross margin, at 55%, and adjusted EBITDA, at 11.3%.
A new milestone for the label founded by Morgane Sézalory, in which General Atlantic owns a stake: FashionNetwork.com sources say that JP Morgan Chase & Co. has been commissioned to offer the label to potential buyers.
The Parisian brand has opened a new location in the French capital following the launch of its new store in Nice last year. The 200-square-meter space will open on Rue de Seine in the Saint-Germain-des-Prés district.
Eyewear giant Safilo confirmed this week that its 2021 results were “well above” 2019’s figures. Sales were €969.6 million, up 7.5% on a currency-neutral basis, while adjusted EBITDA surged 25.7% to €81.5 million.
Coperni, Gauchere, Ludovic de Saint Sernin, and Isabel Marant returned to Paris Fashion Week on Thursday with a certain light-hearted spirit while mixing classic winter outfits with much sexier and unbridled looks.
Mytheresa, which reported sterling quarterly figures this week, stands apart from its major rivals in the elite world of luxury e-tailing. Most of them post rapid rates of growth, but Mytheresa actually makes a profit.
Mytheresa had another good ‘golden quarter’ (its fiscal Q2) with the luxury fashion e-tailer saying on Wednesday that it saw strong general merchandise value (GMV) growth of 26.2% as it also increased its guidance.