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Bottega Veneta announces the
annual results for 2014, reporting 1,131 billion euro in
total revenues, up 12.6% at constant currency and 11.3% on a
reported basis compared to 2013.
The double-digit sales growth was recorded across
both retail and wholesale channels, achieved through
efficiencies in production, supply chain and operations and
accompanied by a significant profitability.
Recurring operating income (EBIT) for the entire
fiscal year reached 357 million euro, posting an increase of
8% on a reported basis compared to 2013; EBIT margin
therefore achieved 31.6%.
Bottega Veneta closed the year with its number of
directly operated stores having expanded to 236, compared to
221 at the end of 2013. The company focused on consolidating
its existing retail network, continuing its efforts to
enhance its boutiques through both refurbishments and
expansions to ensure the best possible experience while
pursuing selective openings, such as its first stores in
Vienna and Boston.
Leather goods products, including plain leather
ones, continued to represent a very important part of the
business in 2014, while an expanded Home collection and new
fragrance for women - Bottega Veneta Knot - were introduced,
underlining Bottega Veneta’s commitment to other categories
as an absolute luxury lifestyle brand.
In March 2014 Bottega Veneta became the world’s
first luxury fashion company to achieve the LEED
certification at the highest possible level, Platinum, in
the New Construction & Major Renovation category for its
new Atelier in Montebello Vicentino, demonstrating its
commitment to sustainability and attention to people which
was ultimately attested by the entrance in the Great Place
to Work ® classification for the category Best Workplaces
Italy - Large Companies for 2014 – and again confirmed for
2015.
In November the company was recognized as well–
for the second time since the first recognition in 2006 - as
Best International Luxury Brand in the prestigious Walpole
British Luxury Awards.
Since January 2015 Carlo Alberto Beretta leads
Bottega Veneta as Chief Executive Officer in conjunction
with the creative direction established by Tomas Maier.
Remaining true to a successful path of collaboration between
business development and creativity, the company will be
managed under a solid long-term strategy based on its
ongoing coherence to the brand values, extreme attention to
customers and a continual focus on its employees. In 2015,
Bottega Veneta will continue to build on its accomplishments
and positioning, supported by further strategic retail
openings worldwide with a focus on Europe, the US and Japan
as well as enhancements of the existing retail network.