JCC brand continues to strengthen presence in Far East
06 Sep '07
4 min read
At Marchpole Holdings Annual General Meeting to be held on 6th September, 2007 morning the non-executive Chairman of Marchpole Holdings plc, Christopher Phillips, will give the following statement and update on current trading.
'At the time of the announcement on 28 June 2007 of our results for the year ended 31 March 2007 I was pleased to report continued significant improvement in the business with increased turnover and profitability.
The Group continues to evolve into a diversified international luxury brand management business with a globally recognised portfolio of fashion brands. Our global reach is expanding and we now operate in the UK, Continental and Eastern Europe, Asia, the Americas and the Middle East.
The current financial year has started in line with expectations with our Spring /Summer 2008 collections having been well received and forward order books building as anticipated. Sales of Emanuel Ungaro and Ungaro Homme in Europe, including the UK, are encouraging and in line with our expectations and demand for the new Emanuel Ungaro first line, designed by Franck Boclet, has exceeded our expectations.
Our wholly owned brand Jean Charles de Castelbajac ('JCC') continues to enjoy both increased sales, and increased licensing income. On a like-for-like basis JCC sales have delivered an increase of 5%, and increased licensing income has derived from both new licences and royalty income which has more than doubled on existing licences.
Good progress continues to be made with the Emanuel Ungaro and Ungaro Homme licences where we continue to work very closely with the House of Ungaro. A recent development is the signing of a five year royalty and licensing agreement for Colombia which represents our first breakthrough into the South American market.
This agreement will see the opening of an Emanuel Ungaro flagship store in Bogota and distribution through a further 28 specialist menswear outlets. Furthermore, two new flagship stores are to be opened in the near future in Bucharest and Azerbaijan, extending the brand's reach.
marketing@alchempro.com
