The Italian group achieved revenue of 155 million euros in the first six months of 2021, up 30% year over year, but down 10% compared to 2019, while net earnings tripled in the two years, totaling 17.4 million euros.
The fashion group, which has owned 70% of its flagship brand since 1999, has purchased the remaining 30% from Italy's Siny, taking complete control of the business. The value of the transaction was 66.5 million euros.
The Italian fashion group, owner of Moschino and Philosophy, recorded a downturn in net income for the first nine months of the year. Its sales dropped by 23% to €206.7 million, despite showing signs of rallying in Q3.