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18.04.2017 | Лидия Соколова

The Roberto Cavalli Fashion house expects stabilization in 2018

On Thursday last week, the Italian fashion house Roberto Cavalli reported stabilization and even growth in retail sales in the first months of 2017. The company believes that this was made possible thanks to the restructuring carried out last year, during which about a third of employees were cut. The company's total revenue decreased by 13.6% last year and amounted to 155 million euros in net form, as a result of which the company received a loss of 26 million euros before interest, taxes, depreciation and amortization.



It is also noted that the restructuring process cost the company more than it was planned. Restructuring costs resulted in a loss of 55 million euros. But the CEO of the company Gian Giacomo Ferraris, who was entrusted with a deep audit of the company, looks to the future with optimism. The company has restructured, cut costs, assembled a strong management team and has already stabilized sales. The company's specialists are confident that in 2018 the brand will begin to make a profit.