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Roberto Cavalli profits rise through own stores

By FashionUnited

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Italian fashion house Roberto Cavalli, known for its molto sexy

cocktail dresses, announced it saw a 4 percent increase in turnover in 2012 to 185 million euro, and an 11 percent growth in EBITDA.

The company said its directly-operated stores registered a 72 percent sales increase while mono-brand franchises increased their sales by only 23,4 percent.

Sales have been boosted by new store openings including Madrid, Hong Kong, Beijing, Shanghai and shop-in-shops in Tokyo and Osaka.

The company also took over operations of its second store in Hong Kong and its one store in Taipei, which were previously both in franchising.

In 2012 Roberto Cavalli pursued the expansion of its Cavalli Cafes through its joint venture with Lebanese based Pragma Group, which saw the opening of 2 Cavalli Cafes in New Delhi and Beirut.
Roberto Cavalli