Growth in turnover continues for the De Rigo Group

The turnover generated by the Wholesale division grew by 5.9%, to €292 million from €275.7 million of the 2023. At constant exchange rates, the growth in revenue over 2023 would have been 8.1%. The markets that contributed the most to the growth were Turkey, USA, Spain, Brazil and Germany. The strong increase is driven by the growth of the high-end brands segment, in particular thanks to Porsche Design which was only integrated into the Group late in the previous year. The rebalancing of the brand portfolio also saw the growth of the licensing segment and the consolidation of the house brands.
     
The Retail division’s turnover was up 7.2% to €260.2 million, compared to the €242.8 million achieved in 2023. At constant exchange rates, the growth in revenue compared to 2023 would have been 12.2%, mainly due to the weakness of the Turkish lira. The growth achieved during the year is mainly organic, as there were no significant new store openings during the year.

"We had the opportunity to demonstrate the strength of our Group, capable of generating value even in complex contexts marked by strong geopolitical turbulence," comments Chairman Ennio De Rigo. "We look to the future with determination, continuing to invest in the development of our business. Our focus on investments in the retail network, strengthening wholesale distribution, and technological advancement are the cornerstones of our growth plan. The global expansion strategy is allowing us to strengthen our diversification and evaluate new opportunities. 2025 will bring new challenges, but our commitment is aimed at taking a further step forward in our journey of growth.”