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Belstaff sales dip but losses narrow as margins rise

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Belstaff sales dip but losses narrow as margins rise


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October 1, 2025

Belstaff International Limited’s accounts for 2024 have been filed and show its sales falling again, this time by 5.2% after a 3.6% drop in the previous year. Turnover for the latest financial year was £54.6 million.

Belstaff

That said, the gross margin percentage rose healthily to 28.1% from 25.9% while gross profit increased to £15.35 million from £14.93 million the year before.

Operating profit at the company dropped sharply to £593,246 from £2.123 million due to the prior year benefiting from a provision release in relation to a store lease that it surrendered early and foreign currency revaluation gains on inter-company loans. But the fall was partially offset by the stronger gross profit following improvements in margin and lower administration expenses.

The final profit figure was actually a loss of £15.9 million, which was actually narrower than the £18.3 million loss in 2023.

In the accounts, the company said the business objective is to grow both revenue and profitability, which begins with a renewed focus on brand image and heritage. This has been supported with a refreshed visual identity, new product categories and new technical fabrics.

The existing store portfolio is also being refurbished in line with this new design while new opportunities have been identified in strategic, brand-related locations (only last month that opened a new store at Victoria Leeds). The wholesale customer portfolio is also being constantly monitored.

And of course, we can’t ignore the fact that, in August this year it was announced that the Belstaff brand was being acquired by dynamic, sports-focused growth business Castore from existing owner Ineos (which also took a stake in Castore).

So there’s clearly plenty of potential for the brand to expand in the year (and years) ahead.

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Aug Philippine manufacturing producer price index sees 0.6% YoY growth

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Aug Philippine manufacturing producer price index sees 0.6% YoY growth



The producer price index (PPI) for the manufacturing sector in the Philippines posted a year-on-year (YoY) increase of 0.6 per cent in August this year from a 0.1-per cent YoY decrease in July, according to the Philippine Statistics Authority (PSA).

In August last year, it posted a YoY decrease of 1.3 per cent.

The same exhibited a faster month-on-month (MoM) increase of 0.2 per cent in August this year from 0.1 per cent in July. It posted a 0.5-per cent MoM decrease in August 2024, a PSA release said.

The producer price index (PPI) for the manufacturing sector in the Philippines posted a YoY increase of 0.6 per cent in August from a 0.1-per cent YoY decrease in July.
In August last year, it posted a YoY decrease of 1.3 per cent.
The same exhibited a faster month-on-month (MoM) increase of 0.2 per cent in August this year from 0.1 per cent in July.
It posted a 0.5-per cent MoM decrease in August 2024.

The top contributor to the uptrend in the monthly growth rate of PPI for manufacturing in August 2025 was the manufacture of coke and refined petroleum products, which registered a MoM increase of 0.5 per cent during the period from a 1.4-percent MoM decline in July 2025.

Fibre2Fashion News Desk (DS)



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The House of Dior Beverly Hills opens on Rodeo Drive

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The House of Dior Beverly Hills opens on Rodeo Drive


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October 1, 2025

In 1990, Dior opened its first store on Rodeo Drive, the first Dior location in North America. Thirty-five years later, the luxury brand owned by the LVMH group has just opened a 60-foot-tall building. 

House of Dior Beverly Hills at 323 Rodeo Drive, Beverly Hills – Jonathan Taylor

Open to the public since Saturday, the store located at 323 North Rodeo Drive called upon its star architect, Peter Marino, chief designer of Dior boutiques, including most recently, 30 Avenue Montaigne in Paris and the new flagship store House of Dior New York, which opened in August.

The magnificent, undulating stucco façade now revealed its window displays featuring miniature scenes of Paris, including an ultra-detailed model of La Galerie Dior at 30 Avenue Montaigne, complete with characters, realistic settings, and nods to Los Angeles with the “HollywoodDior” sign and the Bel-Air hotel. 

“A cinematic journey, a luminous dialogue between Paris and Los Angeles that pays tribute to the house’s timeless couture heritage,” explains Dior’s team, “each offering a living tableau of small scenes from Dior’s odyssey in the United States.” 

Inside House of Dior Beverly Hills, shoe and bag section
Inside House of Dior Beverly Hills, shoe and bag section – FashionNetwork.com

These animations can also be found on the second floor of the store, in the jewelry section, where a window display pays tribute to designer Christian Dior, accompanied by his faithful dog Bobby.

Surrounded by a garden featuring a dancing sculpture by artist Niki de Saint-Phalle, the boutique reveals an interior with light-colored parquet flooring strewn with antique rugs and a palette of natural, earthy colors. In the center stands the sculptural “Ginkgo” bench designed by sculptor and artist Claude Lalanne in the late 1990s, from which several bouquets of flowers spring forth.

On the ground floor, visitors first discover the space reserved for leather goods and handbags, furnished with seating areas and counters. This is followed by an area dedicated to women’s shoes, decorated with sculptural tables and large speckled benches, and another dedicated to perfumes. A corner showcases the house’s scarves, presented on wall displays and in a large trunk. In each space, Dior silhouettes blend into the decor.

Miniature model of Monsieur Dior and his dog Bobby
Miniature model of Monsieur Dior and his dog Bobby – FashionNetwork.com

In contrast, the men’s section plays on other motifs and a color palette combining brown, camel, and gray tones. The sunglasses collections, all the leather goods for men, and ready-to-wear are presented here. 

The store’s centerpiece, the majestic staircase, a nod to the Barneys New York store in Los Angeles designed by Peter Marino 38 years ago, surrounds a small garden designed by Marino in collaboration with landscape architect Peter Wirtz, offering a panoramic view of the spaces. 

There are a number of small lounges dedicated to women’s ready-to-wear in a Parisian apartment-style setting with Dior gray walls, large mirrors, and angel tapestries. Divided by large gold and silver stone walls, the jewelry and fine jewelry area showcases the house’s latest collections in circular metal display cases. There is also an area dedicated to men, with large fitting rooms and two VIP rooms.

The dramatic staircase inside House of Dior Beverly Hills
The dramatic staircase inside House of Dior Beverly Hills – FashionNetwork.com

Dotted with numerous art pieces by Frederic Heurlier-Cimolai, Adam Fuss, and Horst P. Horst, the boutique also unveils many pieces of furniture in bronze, brass, metal, and aluminum by the Voukenas Petrides studio, artist Audiane Delos, and Maison Leleu.

One floor up, the house opens its VIP area around a huge terrace overlooking the Hollywood sign and its restaurant, Monsieur Dior. The space, whose menu has been designed by San Francisco’s three-star chef Dominique Crenn, is set to open to the public in the last week of October. It features a lounge with a bar and an indoor-outdoor dining room that can accommodate up to 105 guests. The menu is inspired by the golden age of Hollywood and, of course, glamorous fashion.
 

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Adidas sees improving UK performance as sales jump in double-digits

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Adidas sees improving UK performance as sales jump in double-digits


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October 1, 2025

Adidas UK has filed its accounts for 2024 and they show a marked improvement compared to the 2023 results.

Adidas

The company’s sales increased by 14% to £1.283 billion. As well as being an improvement on 2023 it also reversed the declining trend scene in that year when sales had fallen by 9%.

The rise this time consisted of a wholesale increase of £144.7 million as well as an increase of £5.766 million in its own retail stores and £7.27 million via its online channel.

Gross profit increased to £269.7 million from £217 million and operating profit rose to £50.373 million from £36.25 million. Profit before tax was up to £45.858 million from £30.859 million, despite the company paying more tax this year. Its final profit for the financial year was £33.458 million, up from £21.994 million.

The gross profit margin also improved to 21% from 19% and the operating profit margin was 4% compared to 3% a year earlier.

But the company said that for 2025, it continued to expect macro economic challenges and geopolitical tensions to persist. That said, its 2025 outlook was positive driven by a strong brand momentum with high consumer demand for its products.

The company’s UK-specific results for 2025 won’t be available for another year, although globally it has been reporting higher sales and profits for this year, despite a very challenging backdrop.

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