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Furla’s profits reach all-time high

Premium Italian accessories brand made a record net profit of €25m (£19.7m) in 2015, up 41% on the year before.

Furla

Furla

It comes after the company, which was founded nearly 90 years ago in 1927, revealed last month that it grew global sales by 30% to €339m (£261m) in 2015.

Adjusted EBITDA was €44.1m (£34.8m).

Chief executive Eraldo Poletto said: “These results demonstrate the validity of Furla’s business model, which is about delivering a well-designed, attractive and high quality product at the right price to consumers around the world.

“We will continue to invest in distribution, marketing and style in order to keep up the excellent performance we registered in all our regions, departments and categories.”

Furla is gearing up to open a third UK store after on London’s Brompton Road during the first half of 2016. Further details have yet to be confirmed.

The brand’s UK wholesale stockists include Fenwick, House of Fraser, Brown Thomas and Arnotts. It is owned by the Furlanetto family.

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