Emanuel Ungaro receives significant boost from Paris show
08 Aug '07
3 min read
Marchpole Holdings plc, the fast growing fashion brand management group,has published its first Interim Management statement as required by the revised Listing Authority disclosure rules.
The statement relates to the first 13 weeks of the new financial year, representing the period 1 April to 1 July 2007. The Board continues to believe, as reported on 28 June 2007, that the Group is well placed to withstand the termination of the YSL licence.
For the purposes of this statement it is meaningless to draw comparisons with the same period last year because of the changes in the composition of the Group, notably the end of the YSL licence and the acquisitions of Homebody and Greenmark.
Sales of Emanuel Ungaro and Ungaro Homme in Europe, including the UK, are encouraging and in line with expectations, and we remain confident that the Ungaro brand will prove to be an adequate replacement for YSL.
Orders for the first line, Emanuel Ungaro, have received a significant boost from the successful Paris fashion show held on 29 June and will be further augmented by the opening of three new flagship stores in Bucharest, Azerbaijan and Colombia in Spring 2008.
On a like for like basis sales of Jean Charles de Castelbajac have increased by five per cent and royalty income has more than doubled reflecting the new licence agreements put in place over the last year.
During the period a new distribution agreement has been signed for Japan with Coronet, a member of the Itochu Group and a new partnership entered into with Lee Cooper, one of the world's original denim companies. These will enhance earnings in 2008/2009.
marketing@alchempro.com
