Home / Knowledge / News / Textiles / Miroglio's international presence increases in 2011
Miroglio's international presence increases in 2011
14
May '12
Miroglio, the leading Italian group in the textiles-apparel sector, and owner of brands that include Elena Mirò, Caractère and Elena Mirò, closes the 2011 financial year with a consolidated turnover of 1,042 million Euro, up 4.5% on the previous year, and a gross operating margin of 63.5 million Euro, down by 40% on 2010. The Group has maintained its tradition of liquidity and self-sufficiency, consolidating its net financial position.

In this context the Miroglio Group has completed the reorganization project aimed at aligning strategic lines, and reinforcing the marketing area with the introduction of the new Chief Marketing Officer and the creation of Market Development Organizations in China and Russia. Moreover, the Group has strengthened its commitment to projects designed to recruit and promote creative potential and talent in fashion.

In 2011 the Group made investments totalling 70.3 million Euro, including €53.8m in the fashion sector mainly aimed at the growth in sales stores. Overall, the number of Clothing Division shops increased over the course of the year by 70 units, 50 of which were abroad and 20 in Italy.

To be noted is the important agreement made with the Sinterama Group following the closure of the 2011 financial year for the restructuring of the filament yarn area and the setting up of two new companies to which Miroglio Textile and Miroglio Bulgaria will be transferring the main assets and liabilities relating to the business.

As befits a Miroglio Group company, Miroglio Textile manufactures, markets and sells a broad array of articles spanning the entire spectrum of the textile from yarns and plain or printed fabric, to finished fabrics, screen, digital and transfer paper design and manufacture. Miroglio Textile also operates in the sectors of architecture, interior design and leather goods, creating and bringing to the market versatile and innovative foils and technical film.

Miroglio Group

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search