Piquadro group continues to grow
Italian leather goods company Piquadro's H1 revenue for fiscal year 2023-24 was €85.9 million, up 7.1% YoY.
Piquadro and The Bridge brands were consistent with last year, generating €39.5 million (up 12.2%) and €16.6 million (up 11%) in revenue, respectively. Piquadro's wholesale revenue grew by 17.5%, while direct retail increased by 8%.
The Bridge experienced an increase of 24.6% in direct retail revenue, and an 8% growth in wholesale revenue. Italy remained the primary market, with €41.8 million (48.6% of the total) in revenue generated during H1, representing a 12.3% increase.
Lancel reported a revenue of €29.8 million, indicating a 0.7% decrease compared to H1 last year.
The Piquadro group operates 178 stores across 50 countries: 85 by Piquadro (54 in Italy and 31 in other countries), 14 by The Bridge, and 79 by Lancel (60 in France).
Image Piquadro
