MILAN — The expansion of its retail network and new licenses, with an acceleration of the newly relaunched Just Cavalli line, helped lift profits and revenues at the Roberto Cavalli Group in the first half.
In the period ended June 30, earnings before interest, taxes, depreciation and amortization rose 19.6 percent to 8.7 million euros, or $11.4 million, compared with 7.3 million euros, or $9.4 million, in the same period last year. Revenues gained 7 percent to 97 million euros, or $127 million, compared with 90.7 million euros, or $117 million.
Dollar amounts have been converted at average exchange for the periods to which they refer.
Royalties grew 28 percent, mainly through the new Just Cavalli line produced by Staff International. Collections for Just Cavalli under a new licensing agreement with Staff International bowed in 2012, succeeding a long-standing deal with Ittierre.
The company also pointed to the success of the new fragrances with Coty Inc., such as the new Roberto Cavalli scent, launched last year, followed by the introduction of the Just Cavalli fragrance.
The Italian firm has also been capitalizing on the designer’s home collection, ranging from furniture to wallpaper, based on seven licensing agreements with leading companies in different interior sectors, launched last year. The second line was presented in April at the fairgrounds of Milan’s international design and furniture exhibition, the Salone del Mobile.
Cavalli is also banking on hospitality projects. A new Cavalli Club will open in Miami in November, in addition to the two existing Cavalli Clubs and six Cavalli Caffès.
In the first half, retail sales grew 17.8 percent. There are currently 173 monobrand group boutiques, an increase of 36 units compared with June 2012. Of these monobrand venues, 31 are in China and 20 in Southeast Asia and Japan.
In the second half, 22 stores are expected to be opened: three Roberto Cavalli, seven Just Cavalli — including the flagship on Broadway in New York — eight Cavalli Class and four RC Junior.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)