
The Spanish designer label made €22.7 million in sales in the first quarter ended May, up 17.4% on the previous year, it notified on Thursday to the Spanish National Securities Market Commission.
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The Spanish designer label made €22.7 million in sales in the first quarter ended May, up 17.4% on the previous year, it notified on Thursday to the Spanish National Securities Market Commission.
Adolfo Dominguez has announced plans to launch in June its second store in Doha, Qatar, and a further four stores in the Middle East by 2018.
The Spanish brand ended its most recent financial period with significant losses, but leadership maintains that the company is seeing a positive change, following significant losses in recent years.
The Spanish upmarket brand said sales jumped by 31.7% in the year to 28 February, exceeding its target and paving the way for another year of expansion.
Regional governments, construction and travel firms as well as shops are working hand-in-hand to recast Spain - and Madrid in particular - as a retail hub to rival Milan or Paris.
Adolfo Dominguez has reported a substantial reduction in losses for the nine months to the end of November, down 27.2% on the previous period to 12.3 million euros.
Designer brand Bimba y Lola is now looking to take the business to the next level with help of an investor. According to media reports, the label is currently analysing its options with financial institutions.
Adolfo Dominguez ended the first half of the year with losses of 12.47 million euros, representing a minor improvement on last year when it reported a loss of 12.36 million euros.
Spanish designer brand Bimba y Lola increased first-half sales by 29%, helped by an increased store portfolio in key international markets. International sales were up by 45%.
Adolfo Dominguez’s general meeting of shareholders has approved the appointment of Costas Antimissaris as new CEO of the Spanish brand. Antimissaris is a former International Director for M&S and has held several seni...