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11 Oct

Selfridges Sees 2022 Revenue Climb, Losses Narrow in Yr

LONDON – Despite Omicron, supply-chain woes, and Russia’s war in Ukraine, revenues at Selfridges‘ 4 U.K. stores jumped 29 percent to 843.7 million kilos within the fiscal 12 months ended Jan. 28, 2023, while pre-tax losses narrowed. Based on probably the most recent filings on Corporations House, the official registry of U.K. businesses, shoppers flooded back into Selfridges’ stores, particularly the flagship on Oxford Street in London and the unit at Royal Exchange, Manchester, once the Omicron strain of COVID-19 receded and lockdown restrictions eased. The uptick in sales helped contribute to the reduction in pre-tax losses to 37.9 million kilos from 121.5 million kilos within the previous period. Much of the corporate’s cost base is resulting from property, and Selfridges said...

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26 Jan

Ferragamo 2022 Revenues Climb 10.2 Percent

by Beauty Tips

Fashion, Featured

Ferragamo 2022 Revenues Climb 10.2 Percent

MILAN — Salvatore Ferragamo SpA’s chief executive officer and general manager Marco Gobbetti expressed satisfaction with the preliminary 2022 sales reported on Thursday, at the tip of his first 12 months leading the Florence-based luxury house. “During 2022, we set our strategic framework and commenced making excellent progress on our priorities,” said Gobbetti, who joined the Florence-based company in January last 12 months from Burberry, and appointed Maximilian Davis as creative director in March. Within the 12 months ended Dec. 31, revenues amounted to 1.25 billion euros, up 10.2 percent compared with 1.12 billion euros in 2021. At constant exchange, sales grew 5.7 percent. “Notwithstanding the start of our strategic refocusing, 2022 has also been one other 12 months of growth in revenues,...

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1 Jan

Victoria Beckham Brand Sales Climb, and Losses Shrink, in

by Beauty Tips

Fashion, Featured

LONDON – Revenues are climbing, and losses are shrinking, at Victoria Beckham Holding Limited, in response to 2021 filings set to be published on Firms House, the official register of U.K. businesses. Within the 12 months ended Dec. 31, 2021, Victoria Beckham Holding Limited, which is owned by Beckham, her husband David, and the private equity investor NEO, saw revenues jump by 13 percent to 40.9 million kilos. EBITDA losses greater than halved to 2 million kilos compared with the previous 12 months, while operating losses fell to three.9 million kilos from 6.8 million kilos. The corporate attributed the 2021 performance to its decision to consolidate and reposition the style collection, and to “accelerated growth” in the wonder business. The filing didn't break...

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Selfridges Sees 2022 Revenue Climb, Losses Narrow in Yr

Ferragamo 2022 Revenues Climb 10.2 Percent

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