Sociedad Textil Lonia, a company dedicated to the design, production and sale of luxury fashion and that manages the brands CH Carolina Herrera and Purificación García, has reduced its turnover by 3.6% in its fiscal year closed in February 2024, reaching 321.6 million euros after the closure of 61 non-strategic points of sale in El Corte Inglés.
Specifically, the luxury fashion brand recorded a result for the year of 45.6 million euroswhich means a 31% decline compared to the 66 million euros reached in the previous year, according to data sent to the Commercial Registry, disseminated by Infoempresa and collected by Europa Press.
For its part, The operating result stood at 56 million euroswhich represents a decrease of 29% compared to the 79 million euros of the previous year.
At the end of the last fiscal year, the company had a total of 403 establishments, 65 less than twelve months agoof which 61 correspond to the closures in the El Corte Inglés centers.
Of the total points of sale globally, since the firm has a presence in more than 20 countries around the worldIn addition to online stores, the majority, a total of 257, correspond to spaces in department stores, followed by franchises (100) and own stores (46).
In this context and looking to 2024, Textil Lonia has indicated that it will continue to focus on its strategy of consolidating its brands within the segment. “most exclusive luxury”with a long-term vision focused on generating value, prioritizing “sustainable growth”, strengthening its market position and ensuring the “quality and exclusivity” of its products.
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