First half (H1) sales at Italian brand Geox grew 8.4% to €264m compared to €243.6 million in same period of FY20. Despite challenges during Q1, the company recovered strongly in the next quarter where sales expanded 91%.
Malls giant Eurocommercial Properties unveiled its coronavirus strategy Thursday morning given the large number of Italian shopping centres it has. And that strategy focuses on delaying rent payments for some tenants.
In 2019, Geox generated a revenue of €805.9 million, equivalent to a 3.3% shortfall at constant exchange rates. The footwear group is downsizing in the multibrand and franchised retail channels to reduce business risk.
The renowned photographer will hold an exhibition of his favourite works in Milan from Oct.18, 2019, to Feb. 24, 2020. Entitled "From Portraiture to Fashion," it will be staged at the 29 Arts in Progress gallery.