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%.
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.
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.
Friday in Paris Menswear was a tour of the city from an evangelical cathedral, cut-stone mansion, Marais showroom and Place des Victoires townhouse. We caught up with Jil Sander, Paul Smith, Isabel Marant and Jeanerica.
Mexico has blasted major clothing brands Zara, Anthropologie and Patowl for using patterns and other elements of Mexican indigenous textiles in their collections without permission, the ministry of culture said Friday.
With production company Division, FashionNetwork.com has analysed the way digital tech and the pandemic have forced labels to rethink how they express themselves, many using virtual catwalk shows as a novel tool.