ROBERTO CAVALLI turnover in 2010 drops by 6%

ROBERTO CAVALLI reported a 6% drop in its turnover in 2010, to a level of 176,2 million euros, mainly due to the decrease in its licensing revenues as well as non strategic businesses. Direct sales which account for 70% of the company’s turnover have grown by 7% in 2010. The company opened 7 stores in 2010, the total number of monobrand stores worlwide reaching 135. Also in 2010, Cavalli signed an agreement for development of e-commerce with leading Italian player Yook.