FURLA SURGES IN Q2 REVENUES

In Industry News, What's New by Lauren Parker, Accessories Magazine

FURLA's Fall 2016 presentation in Milan

FURLA’s Fall 2016 presentation in Milan

Italian leathergoods brand FURLA is having a growth spurt. After finishing 2015 with its highest results ever in terms of sales and profitability, the FURLA Group continued its upward trajectory, with revenues in the first half of 2016 increasing 28%.

This increase is equal to +27% at constant exchange rates and proves that the FURLA Group’s growth is well distributed worldwide thanks to increases in sales ranging between +22% and +34% in all the geographical areas where the Brand is present.

The FURLA Group now has 425 FURLA stores, up from the 415 in 2015. Around 50% of these mono-brand stores is composed of property and franchising POS. Counting multi-brands and department stores, the FURLA Group is present in more than 1,200 other locations worldwide, with a product reach into more than 100 countries. New brand stores include locations like Citic Mall in Shanghai, Mira Mall in Hong Kong, GUM in Moscow and in Nice. Later this year the FURLA Group will open more stores in London (Brompton Road) and Paris (Rue Saint Honoré).

Japan remains the strongest market for the FURLA Group, representing 26% of the total sales in the semester with a 30% increase just like the US. In Europe, sales excluding Italy – that alone is responsible for a 34% increase in sales – have increased by 26%.

The Travel Retail channel is also registering extremely positive results (+38%) with 223 POS in 52 Countries. These results derive from the Group’s history, from its heritage and from its products made with the best artisanship available on the market. These elements grant FURLA extremely high quality levels and make the FURLA LIFESTYLE a one-of-a-kind brand worldwide.

“We’re extremely proud of our results for the first half of the year. The FURLA Group continues to grow exponentially both geographically and across the different product categories, continuing to assert itself on a global level as one of the leading Brands in all markets.  The quality, freshness and innovative aspects of our products are recognized all over the world and we have been able to achieve these results thanks to the commitment and dedication of our team. We will continue to work towards new growth goals, opening new distribution channels, reinforcing existing relationships and focusing on new projects for the future”, stated Alberto Camerlengo, FURLA Group General Manager.