Damiani tops €380 million revenue mark in fiscal 2024-25

Italian jewelry group Damiani has exceeded its income forecasts, and is about to shut the fiscal yr ending on March 31 with consolidated income of over €380 million, up greater than 10% on the earlier yr. A consequence that’s all of the extra optimistic given the robust backdrop the posh sector is experiencing.
 

“Regardless of a fancy normal state of affairs, nonetheless characterised by nice volatility, we need to the longer term with optimism. The outcomes achieved on this fiscal yr, for which we thank all our valued collaborators for his or her nice dedication, and our esteemed prospects and all stakeholders for his or her belief, have demonstrated the effectiveness of our methods,” stated group President Guido Grassi Damiani. “We’ll subsequently proceed with our funding plan by pondering not solely concerning the subsequent quarter, however above all concerning the subsequent generations,” he added.
 
In fiscal 2024-25, the group invested considerably within the retail channel, opening various shops everywhere in the world, particularly within the Center East, the place it just lately inaugurated its first boutique in Riyadh, Damiani’s debut in a market with such excessive potential as Saudi Arabia.

The group’s Damiani division will quickly unveil a brand new retailer idea, designed as a tribute to the jewelry model’s Italian spirit and characterised by fastidiously deliberate interiors and the usage of supplies strictly made in Italy.
 
It has additionally arrange two joint-venture firms to open new Rocca jewelry shops with native companions in Italy: One in Calabria, with main retailer Scintille, and one in central Italy, with long-standing jeweller Damiani Parati.