MILAN — While the Calzedonia Group continued its global expansion, its sales decreased in 2018.
For the 12 months ended Dec. 31, the Italian company, which controls the Calzedonia, Intimissimi and Tezenis labels as well as knitwear brand Falconeri, bridal line Atelier Emé and wine retailer Signorvino, registered revenues of 2.3 billion euros, down 0.5 percent versus 2017.
Earnings before interest, taxes, depreciation and amortization dipped 2 percent to 478 million euros.
In 2018, the company invested 209 million euros in expanding and renovating its retail network and developing an omni-channel strategy. During the year, the group opened 217 new stores, 207 of which are located abroad, namely in Russia, China, France and the United States, including a newly opened flagship in SoHo, New York for Calzedonia, which in 2018 named Julia Roberts an ambassador. The group’s retail network currently counts 4,671 doors.
The company also invested in advanced technology to reinforce its production chain, which was boosted last October with the inauguration of a plant in Ethiopia. The Calzedonia Group also manages factories in Italy, Sri Lanka, Croatia, Romania, Bulgaria, Serbia and Bosnia.
In 2019, the group, which generates 55 percent of its sales outside of Italy, will open Falconeri stores in Tokyo and New York. The company said it will also continue to focus on Italy for the expansion of its Intimissimi Uomo and Atelier Emé brands.