Officials San Jose Sharks Macklin Celebrini The Future Is Teal Shirt
By market, the Americas showed the strongest momentum in 2024, with sales up 8 per cent, while EMEA (Europe, the Middle East and Africa) sales grew 3 per cent thanks to improvements in Germany, and Asia-Pacific sales dropped 2 per cent due to continued challenges with consumer demand in China. With regards to tariffs, Grieder said the company does not yet have any plans to adjust prices in reaction, but said: “We have to see how it is developing in the next few weeks and months.” CFO Yves Müller added: “Over the last three years, we have already decreased our sourcing from China from mid-teens to a number below 5 per cent, so we are well prepared on the other side. This whole tariff discussion creates a lot of uncertainty here and there, so we have to observe the situation but we are very much convinced that we have a successful supply chain to respond to different challenges.”Officials San Jose Sharks Macklin Celebrini The Future Is Teal Shirt
Bricks-and-mortar wholesale grew 8 per cent in 2024, but bricks-and-mortar retail dropped 1 per cent, with a decline in store traffic partly offset by an increase in sales per transaction (the channel returned to growth in Q4). Digital sales, accounting for 20 per cent of the group’s overall sales, grew 6 per cent. EBIT declined from €410 million in 2023 to €361 million, impacted by retail impairments. Gross margin improved 30 basis points thanks to improved efficiency in sourcing, while the company was able to slow its growth in operating expenses thanks to better cost efficiencies. “We are determined to further improve our profitability in the years to come, to capitalise on our organisational strength and leverage the great potential of our company, our commitment to generating profitability, profitable growth and creating long term shareholder values has never been stronger,” Grieder said. Dario Vitale is the new creative director at Versace, the house announced today. The news marks a historic transition at the Italian house. Vitale’s debut collection will be the first in its 47-year history not creatively overseen by either Gianni or Donatella Versace.
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