OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.
The fashion world and the British press is all abuzz about who will design Meghan Markle's wedding dress and as a result, get all the bonus publicity (and sales spike) that attiring the royals always brings.
Inditex had another good year in 2017, despite exchange rates denting its margin slightly. But its omnichannel focus drove it to higher sales and profits, and its new COO has been tasked with maintaining that momentum
Bridal line Celia Grace is expanding in the hopes of driving market awareness for the growing consumer demand for Fair Trade and ethical bridal gowns. All dresses are Fair Trade certified and use eco-friendly processes.