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16 September, 2019 -
Italy headquartered, the premium women’s fashion brand, whose collections include a range of leather bags, shoes and accessories, is aiming to expand in Asia, where revenues are expected to reach €50 million in 2019.
After closing 2018 with €210 million in revenues, representing a single-digit growth, Pitro Negra, CEO, Pinko, said the Company will now focus on Asia, which is a “more interesting” market than the U.S., where Pinko has four stores and a corner at the Bloomingdale’s department store. In 2016, the Italian fashion brand is said to have registered an Ebitda of €40 million, of which 65% was achieved abroad. In 2019, revenues in Asia are forecast to reach €50 million, with 17 new openings that will bring the Group's stores to a total of 44 worldwide, of which some are directly managed.
According to Negra, the Group is looking to go beyond the operational work in Asia and is seeking to establish on-site teams; capable of bringing know-how and creating development, and not limited to the management of contracts.