The Asia Pacific area is confirmed as the group's top market in terms of revenue, decreasing by 1.0 per cent, with a positive performance in Greater China, partially penalised by the negative performance in South East Asia. Specifically in the fourth quarter, the retail channel in China recorded a solid revenue growth of 7.6 per cent.
In 2018, EMEA posted a decrease in revenue of 6.1 per cent, mainly owed to the negative wholesale business in the last part of the year due to the delayed deliveries following the change of a commercial partner in a strategic market in the Middle East.
North America recorded a revenue decrease of 5.4 per cent in FY18, mainly impacted by the negative trend of the department stores sales.
The Japanese market registered a 0.4 per cent decrease in revenue in 2018, with retail stores recording a positive performance at constant exchange rates both in FY18 and in fourth quarter, while negatively impacted by the strategic rationalization of the wholesale channel.
Revenues in the Central and South America in FY18 were down 1.9 per cent, but up 4.2 per cent at constant exchange rates, mainly due to the performance of the retail network.
In 2018, the operating costs remained stable at €712 million. The increase in costs was mainly due to the beginning of the activities for the reinforcement of the organization and processes and to the communication expenses. (RR)
Fibre2Fashion News Desk – India
Apparel/Garments | On 23rd Mar 2019
The European Bank for Reconstruction and Development (EBRD) recently...
Textiles | On 23rd Mar 2019
The United Nations Industrial Development Organisation (UNIDO) has...
Shingora Textiles Ltd
‘In terms of fabric, the fastest growing category for us is a blend of...
Sri Lanka has a good sustainable track record and strong stories to back it
Fashion houses, India
With technology, it has become easier to ensure IPR
Reckon Industries adapts latest systems for manufacturing from designing...
Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...
Fabusse is a Lebanon-based fashion agency that offers a variety of...
Statex Produktions & Vertriebs GmbH
Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...
Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)
A team of researchers from the State University of New York (SUNY),...
Voith Paper GmbH & Co. KG
The glass mat industry is growing by five to eight per cent annually. Kai...
Label Ritu Kumar
‘Classics will return’ "There are a lot of people wearing western clothes ...
Somaiya Kala Vidya
Among the many honours showered on Frater, including Fulbright and Ford...
<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...