Versace posts 16.9% turnover increase for full year 2014
Versace Group reports a 16,9% turnover increase to 548,7 million euros. The company had a good performance in all geographic areas , with North America confirmed as best- performer for the third consecutive year with a + 28.8 % , while Asia ( + 15.7 % ) and Europe ( + 13.7 % ) reinforced their positions . Consequent was the performance of the gross operating margin , with a + 9.8% , reached 67.6 million euro .
And if 2014 was a year to be framed , 2015 seems to have started even better , with double figure revenues . For Gian Giacomo Ferraris , CEO of the group : ” In 2014, Versace has performed well despite the difficult environment of international markets for the luxury sector . We still have considerable growth opportunities that we pursue developing the business in line with our strategy , especially the retail expansion, announced last year , when Blackstone acquired 20 % stake in the Company . ”