Luxury fashion group Moncler has had a good half year. Furthermore, Scotch & Soda will open new stores in Belgium and Germany, while My Jewelery will move to the former Scotch & Soda branch in Utrecht. You can read this and more in the news overview on July 29th.
Good half year results Moncler and Stone Island
Sales of Moncler, the French-Italian parent company of the Moncler and Stone Island brands, among others, amounted to 621.8 million euros in the first half of 2021. This is a 58 percent increase from 403.3 million euros last year. Moncler’s brand revenue came to €565.5 million, up 43 percent year-over-year, and up 1 percent over 2019. The newly acquired Stone Island brand also performed well with sales of €56.2 million in the second quarter of 2019. 2020 with strong worldwide performance. A semi-annual report for all markets and channels. The fashion group’s net profit was 58.7 million euros, compared to a loss of 31.6 million euros in the first half of 2020 and a profit of 70 million euros in the first half of 2019.
Scotch and soda expansion into neighboring countries
Scotch & Soda has opened new stores in Turnhout (Belgium) and Berlin. The Amsterdam brand wants to expand into both markets and accelerate these expansion plans. In Belgium, the Amsterdam fashion company has opened a new store for the brand that is directly operated in Turnhout, in the recently opened Turnova shopping centre. This brings the counter in Belgium to 26 stores for the brand and nine in-store stores. The new site has an area of 171 square meters. Customers can find collections of clothing, shoes, accessories and fragrances for men, women and children from the brand.
Read also: Scotch & Soda opens new stores in Belgium and Germany
Fake Watch Favorite Counterfeit Rolex Item
A study conducted by the comparison site Uswitch showed that Rolex is the most sought-after brand among consumers of counterfeit goods. Each year, the term “fake Rolex watch” is searched on the Internet more than 225,000 times. Louis Vuitton and Gucci counterfeiting, especially bags and belts, are also popular with 118,800 and 87,600 searches respectively. Kanye West’s Yeezy is in fourth place with 37,200 online searches, especially the Yeezy Boost 350. Moreover, we find in the list the expected luxury brands Balenciaga, Versace, Off-White, Chanel and Moncler, but also fake items from Crocs, Adidas and Nike .
Two million visitors to Westfield Mall in the Netherlands
After the official opening in March, the Westfield Mall of the Netherlands received one million visitors per month in May and June. This was mentioned by parent company Unibail-Rodamco in its semi-annual numbers. Leidsenhagen in Leidschendam has been transformed in recent years into the largest indoor shopping center in the Netherlands. According to the property manager, 94 percent of retail space is currently rented.
My jewelry is moving in Utrecht
My Jewelery will move to the Utrecht Choorstraat this summer, where the jewelry brand will occupy the former Scotch & Soda building. My Jewelery already had a shop in Domstad, in Oudkerkhof, but that branch is now very small, according to Vastgoedjournaal.
Also read: Sharon Hilgers of My Jewelery wants to know what her target audience is interested in: “I’m on TikTok every night”
Credit: Stone Island
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