CEO Jean Madar stated, “Our net sales in the final quarter of 2024 marked our best-ever Q4 performance, with quarterly sales growth of 10%, enabling us to achieve our 2024 sales goal of $1.45B. Our growth was broad-based across our portfolio, reflecting strong demand for our key brands. ..Our European based operations sales rose by 6% and 10% for Q4 and full year 2024, respectively, driven by the strong performance of Jimmy Choo, addition of Lacoste, and solid execution on some of our smaller brands… Also, the brands we own performed well during the Q4…Our U:S. based operations sales grew by 16% and 12% for Q4 and full year 2024, respectively, primarily driven by GUESS, Donna Karan/DKNY, and the addition of Roberto Cavalli…While potential geopolitical and economic concerns continue to limit our 2025 visibility, thanks to the increasing demand for premium products, expanding e-commerce channels, and strong pipeline of new launches across our prestige portfolio, we are poised for 2025 to be another record-setting year.”
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