Italy’s Tod’s Group mentioned revenues grew 11.9% to 1.12 billion euros for the full-year ending December 31, with Better China and Japan famous as star performers in 2023.
The proprietor of Tod’s and Roger Vivier manufacturers mentioned group gross sales in Better China surged 24.2% to 356.7 euros million, whereas gross sales in its native Italy market grew 4.9% to 263.9 million euros. Elsewhere in Europe, revenues had been up 10.5% to 239.6 million euros, whereas revenues within the Americas had been up 3.5% to 85 million euros. The group’s remainder of the world section clocked revenues of 181.5 million euros, up 7.2%, pushed by Japan, mentioned the corporate.
By model, gross sales at Tod’s elevated 10.4% to 562.9 million euros, and Roger Vivier gross sales had been up 16.5% to 286.7 million euros. Smaller manufacturers Hogan and Fay had been up 9.3% and 13.2%, respectively.
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“We’re very glad with having achieved the targets we set ourselves firstly of the 12 months, regardless of a troublesome macroeconomic context at a world stage,” mentioned Diego Della Valle, chairman and chief government officer of the Tod’s Group.
“Contemplating the great high quality of those figures, we’re very optimistic in regards to the earnings outcomes that we will receive, in addition to in regards to the glorious future development potential of our group.
“The worldwide market development, more and more appreciating the excessive craftsmanship and the Italian life-style, makes our manufacturers more and more fascinating for high-quality customers. Our group is, as all the time, very attentive to all the things that may enhance the situations of our workers, activating on this spirit many initiatives and initiatives helpful for enhancing widespread well-being.”
