Silvian Heach did not write off 2009 as the “annus horribilis” it was for many in the fashion industry, as the Italian brand continued its fast-paced growth, international expansion and product diversification.
Last year, the company that produces and distributes the label, Arav Fashion SpA, posted a 40 percent gain in revenues, which reached 45 million euros, or $62.5 million at average exchange. The firm expects a 25 percent hike in sales in 2010 and to reach revenue of more than 100 million euros, or $123 million at current exchange, in 2012.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)