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Stone Island profits set to soar

Italian premium menswear brand Stone Island expects to finish 2017 with a 70% increase in EBITDA year on year to €34m (£30.1m).

In a pre-closing statement it said revenue will be up 36% on 2016 figures to €147m (£130m).

International sales make up 67% of total revenue and the main markets after Italy are the UK, Germany and Holland.

Wholesale orders for spring 18 are 35% up year on year.

Next spring Stone Island is going to open a flagship store in Venice, Italy and is looking for a location in Tokyo, and a new location for its store in Milan.

The brand currently has seven shops in Italy, one in each of Paris, London, Cannes, Hamburg, Munich, Sylt, Amsterdam, Antwerp, Stockholm, New York, Los Angeles, Seoul and Daegu.

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