- Prachi Singh |
The Fashion Box group owner of the Italian denim label Replay, reported a considerable revenues growth in fiscal 2017 over the previous year, reports Modaes.es. The company’s turnover for the year reached 230 million euros (281.5 million dollars) compared to 203 million euros (248.4 million dollars) in 2016, while EBITDA was 18 million euros (22 million dollars).
This year, the company targets to achieve a turnover of 245 million euros (299.8 million dollars). By region, north Europe is the leading market for the company, followed by Japan and Latin America. The company said, revenue increase was driven by its international business, which already contributes 85 percent to the total turnover.
Last year, Replay expanded its retail presence in a number of Latin American countries and added stores in Colombia, Paraguay and Brazil. The Fashion Box group operates 14 standalone stores in Japan and opened its first store in the Ukraine in 2017 along with three new stores in Brazil. Now the company plans to open fourth Brazil store and a store in Macedonia this year.