The continued improvement of the Group's sales mix is evidenced by:
- an increase in revenues generated from the handbags and footwear division, which today represents 42.6% of consolidated revenues;
- an increase in export sales, which today generate 67.5% of consolidated revenues;
- an increase in revenues generated from direct distribution channels which today account for 68.6% of consolidated revenues.
The establishment of the Fashion Jewellery division with the acquisition of a 51% interest in Facco Corporation SpA, a producer and distributor of gold and precious stone jewellery operating in the accessible luxury goods market.
The acquisition is the first step in the Group's strategic programme to extend its leading position in the European accessible luxury goods market into jewellery; a segment highly complementary to leather goods and fashion.
The further integration of Group companies with particular attention to Coccinelle Spa, acquired on February 24, 2006.
The continued development of the Group's retail network with the inauguration of 7 mono-brand boutiques including 2 DOS (1 Braccialini in Milan and 1 Baldinini in Rome) and 5 Franchisees (3 Baldinini in Russia: in St. Petersburgh, Celiabinsk, and Kalingrand; Coccinelle in Cascai, Portugal; and Braccialini in Busan, South Korea), bringing the Group's retail network to 298 boutiques world-wide.
Mariella Burani Fashion Group
marketing@alchempro.com
