299
Fashion Jobs
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
L'OREAL GROUP
Retail And Education Manager
Permanent · HONG KONG
TORY BURCH
Senior Manager, Retail Training, Asia
Permanent · HONG KONG
Translated by
Nicola Mira
Published
Aug 2, 2019
Reading time
2 minutes
Download
Download the article
Print
Text size

Parent company of fast-fashion brands Rinascimento, Terranova posts stable results for 2018

Translated by
Nicola Mira
Published
Aug 2, 2019

Italian fast-fashion group Teddy, parent company of the Terranova, Calliope, Rinascimento and Miss Miss brands, closed 2018 with a revenue of €642 million, the same as in 2017. At constant exchange rates, the group posted a 1.3% growth. Adjusted EBITDA was €77.2 million, equivalent to 12% of revenue.


A Rinascimento store

 
Taking into account the gross margin generated by the group’s client stores, both affiliated and multibrand retailers, the retail value of the sales produced by the group’s brands worldwide reached approximately €1.139 billion.
 
Growth on the Italian domestic market was satisfactory: sales were worth €336.9 million, up 9.3% over 2017, and accounted for a 52.5% share of the total, up from 47.3% the previous year. Teddy continues to expand internationally, and in 2018 the group opened 90 new stores in 14 countries.

As for the group's various brands, Terranova deployed its ‘Welcome’ store concept, inspired by the hospitality for which the Rimini area, where the group is based, is famous, in 35 stores in 11 countries. Calliope, after introducing lingerie, launched a children’s line in early 2019. Rinascimento continued to broaden its retail footprint by opening 54 new stores, plus another 37 with the ‘Fits You’ concept, which offers clients a special affiliation formula which guarantees customised services to the group's partners. Altogether, 73.9% of the Teddy group’s stores are franchised. Through the wholesale channel, the group’s brands are available at 6,000 multibrand retailers in 91 countries.
 
In the 2018 financial year, the Teddy group invested €32.3 million in retail development and marketing initiatives, and €1 million in personnel training. The group is among 70 Italian medium/large companies which increased the number of their employees by at least 30% in the 2008-2017 period, recording a 314% increase (source: Affari & Finanza/Ufficio Studi Mediobanca). The group’s investment in employee welfare initiatives, like the company crèche, and in community social projects, was equivalent to 4% of its profit.

Copyright © 2024 FashionNetwork.com All rights reserved.