Lancel drives Piquadro to significant revenue growth
19/06/2019
This growth was driven by the contribution of French brand Lancel, which Piquadro acquired in June 2018. During the 12 months in question, Lancel brought in sales of €45.2 million. The group has said its other brands, Piquadro and The Bridge, also had “positive sales performance”.
The Piquadro group saw growth of 7.2% in its home market. Sales in Italy made up nearly 54% of its total sales. Revenue from Europe increased more than 200%, which was almost entirely down to the contribution of Lancel. This brand also drove growth in the rest of the world, with sales outside of Europe increasing by 62.9% compared to the previous year.
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