The Italian leather goods brand closed the 2017 financial year with a robust revenue increase, reaching €499 million, with EBITDA up 34.1%. New store openings in the USA and Europe are planned in early 2018.
Adidas reported Wednesday higher profits in 2017 thanks to worldwide sales growth in its most popular lines and efficiency savings, saying the performance put it on track for more muscular returns in future.
“2017 was undoubtedly the best year in the company’s history.” That was how LPP started its annual report on Wednesday and there’s no denying that the owner of the Reserved and Sinsay chains is riding high at present.
Inditex had another good year in 2017, despite exchange rates denting its margin slightly. But its omnichannel focus drove it to higher sales and profits, and its new COO has been tasked with maintaining that momentum
Crisis-hit South African retailer Steinhoff raised 3.66 billion rand ($311 million) from the sale of a 16.7 percent stake in KAP Industrial, another step in its efforts to shore up its finances and pay down debt.