Fashion
Adidas sees improving UK performance as sales jump in double-digits
Published
October 1, 2025
Adidas UK has filed its accounts for 2024 and they show a marked improvement compared to the 2023 results.
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.
Copyright © 2025 FashionNetwork.com All rights reserved.
By
Reuters
Published
January 12, 2026
Revenues at Italian luxury group Brunello Cucinelli rose 11.5% at constant exchange rates last year, in line with its most recent guidance, boosted by solid growth across all regions, and particularly in the Americas and in Asia.
The cashmere brand, the first in the luxury sector to report 2025 preliminary sales, said on Monday its revenues rose to 1.41 billion euros ($1.65 billion) last year and reaffirmed that revenues would increase by 10% in 2026.
The company, which stands out in a luxury sector hit by slowing demand thanks to its focus on wealthier consumers, reported a 11.9% increase in turnover in the fourth quarter alone. Both the retail and wholesale channels contributed to the sales growth, though the latter at a more moderate pace.
In December, Cucinelli, whose cashmere jumpers can cost several thousand euros, raised its revenue growth forecast for 2025 to between 11% and 12% at constant exchange rates. The business has also recently confirmed its strong emphasis on the wholesale channel, seeing it as a good sales driver despite the challenging retail landscape.
© Thomson Reuters 2026 All rights reserved.
Published
January 12, 2026
US eyewear group VSP Vision, headquartered in Rancho California, has announced the appointment of Nicola Zotta as president of eyewear and managing director of both Marchon Eyewear and Marcolin. Following VSP Vision’s acquisition of Marcolin, completed last month, Zotta will lead the integration of Marcolin and Marchon, two groups that are global leaders in the design, production, and distribution of eyewear.
“Nicola uniquely combines Italian roots with leadership experience in the US, a proven ability to drive growth, and a deep understanding of, and alignment with, our commitment to all stakeholders,” said Michael Guyette, president and CEO of VSP Vision. “In this new chapter for our eyewear business, we are confident that his guidance and vision will enable us to bring our customers the very best that Marchon and Marcolin can deliver together.”
Zotta succeeds Fabrizio Curci, who has chosen to step down after serving as CEO and general manager of Marcolin since June 2020. To facilitate the transition, Curci will work alongside Zotta as an adviser in the coming months.
In addition, Thomas Burkhardt, Marchon’s president since 2022, has also decided to leave his position and will continue as an adviser to Nicola Zotta, focusing on the integration of the respective brand portfolios of Marcolin and Marchon.
“Under Fabrizio’s leadership, Marcolin has accelerated its growth through the strategic expansion of its brand portfolio, improved operational efficiency and a strong focus on commercial excellence,” Guyette added. “We are grateful for the contribution he has made over the years and intend to build on the foundation laid during his tenure.”
Reporting directly to Guyette, Zotta returns to VSP Vision after serving as CEO of Artsana Group since 2022. A seasoned executive in the eyewear industry, Nicola Zotta was President of Marchon from 2016 to 2022, having previously held key roles at the company, including vice president and managing director for EMEA and APAC from 2009. Before joining Marchon, he gained more than a decade of experience at Safilo, where he held several leadership positions.
“It is an honour to lead two world-class eyewear companies: the combination of their strengths creates an exceptional portfolio of luxury, lifestyle, and performance brands,” said Zotta. “By bringing together complementary capabilities and distinctive strengths, we are ideally positioned to continue offering eyewear of the highest standards of design and quality, underpinned by craftsmanship and innovation.”
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Copyright © 2026 FashionNetwork.com All rights reserved.
By
Bloomberg
Published
January 12, 2026
Birkenstock Holding Plc reported strong sales figures for the final months of 2025 as demand stays robust for its high-end sandals and clogs, despite the impact of a weaker US dollar and tariffs.
Revenue rose to €402 million ($470 million) in the three months to December 30, roughly in line with analyst expectations and 18% higher in constant currency terms than a year earlier, according to preliminary results for the company’s fiscal first quarter. Birkenstock had disappointed investors last month when it forecast a slower pace of sales growth of as much as 15% in fiscal 2026.
Chief executive officer Oliver Reichert is trying to win over investors with his slow-but-steady approach to growth, making sure consumer demand for Birkenstock’s footwear always exceeds its production. That’s allowed the company to raise the average selling price of its shoes and avoid markdowns.
He’s been criticised, though, for not giving enough information on Birkenstock’s performance and expectations. That’s one reason the stock has recently traded below its 2023 initial public offering price of $46, despite strong growth and profitability. The shares fell 28% in 2025.
“It’s clear that investors are not responding well to the ‘trust us, we know what we’re doing’ messaging from the company,” Williams Trading analyst Sam Poser said in a note last month. He has called Birkenstock “one of the best, if not the best, run companies” in his coverage, though he renewed his criticism of its financial messaging last week and cut his price target to $49 from $51.
Birkenstock’s first-quarter sales grew 11% on a reported basis, weighed down by the weaker US dollar compared to prior year, it said. Birkenstock reports earnings in euros but pulls in about half of its revenue in the US dollar. That situation- and the tariff burden- will continue in 2026, when Birkenstock expects adjusted earnings to exceed €700 million, it said last month.
Birkenstock is currently taking part in the ICR Consumer Conference in Orlando and plans to host a capital markets day on January 28. It will offer full first-quarter results on February 12, it said.
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