By  on April 26, 2018

MILAN — Italian accessories and luggage Piquadro Group closed its financial year ended March 31 on an upbeat note. The company, which is publicly listed on the Milan Stock Exchange, reported a 28.6 percent increase in revenues, which reached 97.63 million euros, compared with 75.91 million euros in the same period in the previous year.

The increase in revenues was attributed to the consolidation of The Bridge SpA, which reported sales of 23.76 million euros in the 12 months ended March 31, and to a 4.3 percent increase in revenues of the Piquadro brand. In 2016, Piquadro acquired an 80 percent stake in Florence-based leather accessories brand The Bridge for  3.17 million euros. The agreement was signed between Piquadro and Il Ponte Pelletteria SpA, which controlled The Bridge label. Il Ponte Pelletteria established The Bridge in 1969. The Bridge manufactures its collections in Tuscany and is known for the use of a naturally treated leather with a cognac tone.

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