The brand also reported gains for its retail channel of 30% while wholesale grew by 20% alongside a “significantly positive” EBITDA.

Its e-commerce business accounts for 8% of total turnover, climbing to 20% when including wholesale e-commerce. Leather bags make up 80% of sales, with small leather goods and minibags increasing to 18% in 2022.

Coccinelle’s home market of Italy accounts for 44% of total sales, with Europe making up 46% and Asia totalling 8%, where the brand reports sales are “growing consistently”. The company opened two boutiques in China in 2022, and added further openings in January 2023.

Source: TRBusiness