×
60 609
Fashion Jobs
MIZZEN+MAIN
Account Executive - Specialty ne & Midwest
Permanent · DALLAS
COTY
Area Sales Manager
Permanent · Miami
LEVI'S
Part-Time Sales Supervisor
Permanent · Katy
SALLY BEAUTY HOLDINGS LLC
Outside Sales Representative -Cosmoprof
Permanent · Colorado Springs
SALLY BEAUTY HOLDINGS LLC
2nd Shift Inventory Control Specialist
Permanent · Jacksonville
NORDSTROM
Asset Protection - Agent - North Point Marketcenter Rack
Permanent · Alpharetta
NORDSTROM
Asset Protection - Agent - The Outlet Collection Rack
Permanent · Auburn
NORDSTROM
Asset Protection - Security Ambassador - Galleria at Roseville
Permanent · Roseville
LULULEMON
Assistant Manager, Operations | Cherry Creek Mall (1 Year Contract)
Permanent · Denver
LULULEMON
Assistant Manager, Operations | Bellevue Square
Permanent · Bellevue
LULULEMON
Assistant Manager, Operations (Hyde Park)
Permanent · Chicago
OLD NAVY
Assistant Manager, Customer Operations - Airport Square
Permanent · North Wales
OLD NAVY
Assistant Manager, Customer Operations - Monroe Mktplace
Permanent · Selinsgrove
OLD NAVY
Asset Protection Coordinator - Florida West
Permanent · Estero
OLD NAVY
Assistant General Manager, Merchandising - Jefferson Mall
Permanent · Louisville
OLD NAVY
Assistant General Manager, Merchandising - Willowbrook-Houston
Permanent · Houston
OLD NAVY
Assistant Manager, Customer Operations - Oshkosh
Permanent · Oshkosh
OLD NAVY
General Manager - Ridgewood Court
Permanent · Jackson
OLD NAVY
General Manager - Monroe Marketplace
Permanent · Selinsgrove
OLD NAVY
Asset Protection Coordinator - Portland
Permanent · Beaverton
OLD NAVY
General Manager - Tikahtnu Commons
Permanent · Anchorage
OLD NAVY
General Manager - Watertown
Permanent · Watertown
Translated by
Roberta HERRERA
Published
Jun 19, 2022
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Lancel returns to profitability

Translated by
Roberta HERRERA
Published
Jun 19, 2022

Four years ago, Lancel was acquired by leather goods specialist, the Italian group Piquadro, and returned to profitability in fiscal year 2021/22, which closed on March 31.


Lancel tote bag - DR


The Paris-based leather goods label recorded a net profit of 400,000 euros over the period compared to a net loss of 2.2 million euros a year earlier. This loss, however, reached 7.8 million euros and 12.8 million euros in 2020 and 2019, respectively.

With 60 million euros in sales in fiscal year 2021/22, up 26.3% year-on-year, Lancel currently accounts for 40% of Piquadro's sales.  
The parent company, which also owns the leather goods brands Piquadro and The Bridge, recorded sales of 149.4 million euros in fiscal year 2021/22, up 31.7%. Over the period, its Ebitda reached 25.3 million euros, compared with 10.5 million a year earlier.

The Italian group generated 46.4% of its sales in Italy, 50% in Europe and a little less than 3.6% of its sales in foreign markets.

After repositioning Lancel for nearly four years, Piquadro is now looking to step up the Parisian label's export business. In addition to its retailers, Lancel has 78 boutiques of which about 60 are located in France. The brand is particularly looking to expand in China, where it established itself in 2019 via Tmall and has since opened a shop-in-shop at Galeries Lafayette in Beijing.

Copyright © 2022 FashionNetwork.com All rights reserved.