Thanks to strong growth in China, the Italian fashion group Tod’s SpA closed the 2023 financial year with a high increase in sales. In a statement published on Wednesday, CEO Diego Della Valle praised the “excellent results,” to which all Group brands contributed with double-digit currency-adjusted growth rates.
Last year, according to the available, still preliminary figures, group sales reached almost 1.13 billion euros. This exceeded the 2022 level by 11.9 percent. Adjusted for currency effects, revenue even grew by 14.0 percent.
The core brand Tod’s achieved an increase of 10.4 percent (currency-adjusted +12.8 percent) to 562.9 million euros, while Roger Vivier’s sales even increased by 16.5 percent (currency-adjusted +19.4 percent) to 286.7 million euros.
The Hogan label achieved sales of 214.2 million euros (+9.3 percent, currency-adjusted +10.1 percent), Fay’s sales amounted to 60.4 million euros, an increase of 13.2 percent year-on-year (currency-adjusted). +13.1 percent).
The growth engine was the Greater China region, in which revenue increased by 24.2 percent (currency-adjusted +28.2 percent) to 356.7 million euros. In Italy, sales rose by 4.9 percent to 263.9 million euros, in the other European markets by 10.5 percent (currency-adjusted +10.4 percent) to 239.6 million euros.
Revenues in America increased by 3.5 percent (currency-adjusted +4.3 percent) to 85.0 million euros, the remaining global markets came together to a total of 181.5 million euros (+ 7.2 percent, currency adjusted +12.5 percent).