The Piquadro Group with its brands Piquadro, The Bridge and Lancel increased its sales in the first nine months of the current 2024/25 financial year (March 31) by 2.4% to 134.6 million euros. increased. The Italian market has lost its importance.
With his brand Piquadro The leather goods supplier had sales of 57.3 million euros – a decrease of 1.9%. Piquadro justifies this with difficulties in the supply chain. While e-commerce sales rose 2%, sales in its own stores fell 0.1%.
The Bridge contributed 25.6 million euros (+1.4%) to group sales. The brand grew by 6.7% in its own stores and by 0.3% in wholesale sales.
The of Maison Lancel Sales achieved amounted to 51.7 million euros (+8.2%). Sales in our own distribution increased by 9.2%, in wholesale sales by 6.1% and in e-commerce sales by 4.3%.
The Piquadro group continued in Italy 61.8 million euros (-2.2%). The domestic market therefore accounts for 45.9% of consolidated sales. On the European market the group recorded sales of 69.1 million euros or 51.3% of consolidated sales. This corresponds to an increase of 9.1%. Outside Europe Piquadro has a turnover of just 3.7 million euros. The company attributes the decline of around 1.2 million euros compared to the same period last year to the closure of stores in China and “market dynamics in the non-European region”.
Marco Palmieri, President and CEO of the Piquadro Group, comments: “The first nine months of the year concluded with particularly brilliant results for Lancel. The Bridge also showed solid results, with very interesting sales growth, particularly in direct sales. Finally, Piquadro confirmed its consistent result within expectations.”
In this context, Palmieri explained that the selective distribution system already tested at Maison Lancel will also be introduced for the Piquadro and The Bridge brands. It applies to sales in stationary stores as well as via digital channels. “This new model will make it possible to select retailers for Piquadro and The Bridge according to strict quality criteria. This approach will help to further strengthen the prestige and reputation our products already enjoy in the market.”
