Italy Fashion Brand Versace:2010 Annual Sales Will Be High
Italy
Fashion brand Versace expects its sales to go up in 2010, driven by its restructuring and sales in the Chinese market.
The company CEO Gian Giacomo Ferraris is accepting Reuters.
Interview
He said that due to the high efficiency of the logistics system and the correct positioning of the brand, he resumed the company in 2011.
profit
Ability is full of confidence.
He said: "we are optimistic about 2010. We have raised the annual revenue target from 270 million euros last year to 280 million euros. Now the company is gradually achieving this goal."
In 2002, Versace entered China. Now China has become the largest market for Versace, followed by Europe and the United States.
Gian Giacomo Ferraris believes that in 5 years, China's sales will rise from 25% to 35%.
The group plans to open new stores in Beijing and Shanghai early next year.
Gian Giacomo Ferraris said the Versace men's wear market is always good, and women's clothing is also growing.
In September, the first half sales of Versace will be announced. The company's revenue will rise by 9% to 130 million euros.
The wholesale market is expected to pick up in the three quarter and maintain a stable trend in the fourth quarter.
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