Barcelona-based fashion company Desigual increases profit by 50% in the first half of the year
The Catalan urban clothing firm Desigual posted a €66.4 million profit in the first six months of 2014, which represents a 47.9% increase on the same period of the previous year. The fashion company registered a turnover of €452.9 million between January and June, 23.1% higher than the figure registered in 2013 during the same period. "The results confirm the company's growth, strength and good financial position", stated Desigual on Tuesday via a press release. The firm led by Thomas Meyer underlined that during the last few years they have been focusing on their international expansion. Following this strategy, the Catalan brand opened 45 new shops during the first half of 2014, entering into new markets in Latin America (Peru and Brazil) and increasing its presence in Asia (in Japan, Hong Kong and Singapore).
Barcelona (ACN).- The Catalan urban clothing firm Desigual posted a €66.4 million profit in the first six months of 2014, which represents a 47.9% increase on the same period of the previous year. The fashion company registered a turnover of €452.9 million between January and June, 23.1% higher than the figure registered in 2013 during the same period. "The results confirm the company's growth, strength and good financial position", stated Desigual on Tuesday via a press release. The firm led by Thomas Meyer underlined that during the last few years they have been focusing on their international expansion. Following this strategy, the Catalan brand opened 45 new shops during the first half of 2014, entering into new markets in Latin America (Peru and Brazil) and increasing its presence in Asia (in Japan, Hong Kong and Singapore).
Furthermore, Desigual also unveiled its first shop in Luxembourg and is aiming to strengthen its expansion by innovating in its multi-brand channel. The Dshop-Desigual Authorised Dealer venues have continued to increase their presence and have enabled the company to reach small cities such as Figueres (north-eastern Catalonia), Santa Cruz de Tenerife (Canary Islands), Peruggia (Italy) and Colmar (France). Regarding the Internet, the Catalan fashion firm stated that their website has received more than 24 million visits during the first 6 months of 2014.