Overview
- Preliminary 2025 revenue reached €1.41 billion, up 11.5% at constant exchange rates, with fourth-quarter sales rising about 12% at constant rates to €388.6 million on a tough comparison.
- Asia led full-year gains with double-digit growth in China, South Korea and Japan, as reported sales totaled €392.6 million in Asia, €520.5 million in the Americas and €494.6 million in Europe.
- Direct retail generated €947.1 million, or 67.3% of sales, driven by like-for-like growth and new or expanded boutiques, while wholesale rose to €460.7 million.
- The company invested about €145 million to expand ‘Made in Italy’ capacity, completing the Solomeo site doubling and new men’s tailoring facilities in Gubbio and Penne ahead of schedule.
- Net debt was €200 million after €69 million in dividends, the store base reached 136 boutiques and 57 hard shops, new locations are slated for 2026 in Geneva, Toronto, Shanghai, Mexico City, Wuhan and Abu Dhabi, and management is targeting roughly €1.8 billion in revenue by 2028.