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OVS sees sales rise 6% in the first nine months, EBITDA up 9.4%

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December 18, 2025

In the nine months from February 1 to October 31, 2025, OVS Spa reported net sales of 1,244.7 million euros, up 5.8% on the first nine months of 2024. Pro-forma growth, excluding Goldenpoint’s contribution, was 2.9%, four percentage points ahead of the market.

Stefano Beraldo, OVS Group CEO

By sales channel, direct store sales totalled 1,004 million euros (+7.6% versus 2024; pro-forma growth +4.0%). The franchising and B2B channel posted revenues of 241 million euros, down 0.9% year on year due to lower sales to off-price marketplaces, while business with franchise partners edged up slightly.

During the period, adjusted EBITDA reached 152.3 million euros, up 17.1 million on the same period of 2024, with a positive contribution from Goldenpoint. Breaking this down, OVS’s EBITDA rose by 11.6 million to 122.8 million euros; Upim‘s EBITDA was 30.5 million, compared with 29.3 million last year; and Stefanel‘s EBITDA increased by around 2 million euros.

The third quarter confirmed the group’s positive momentum, with net sales of 452 million euros (+9%; +4.1% excluding Goldenpoint). Adjusted EBITDA was 50.6 million euros, up 9.4%.

“The growth in the third quarter was particularly significant given the challenging basis for comparison with the same period last year, which recorded an exceptional +13%. (…) This performance reflects the effectiveness of the strategic choices made, particularly in the womenswear segment, with an assortment structured around collections with distinct and complementary identities. The Piombo, Les Copains, and B.Angel collections are therefore delivering significantly better sales per square metre than the rest of the range. The beauty segment also continued to deliver excellent results, with double-digit growth,” commented CEO Stefano Beraldo.

“In terms of performance by banner, the strongest growth was achieved by OVS, while Upim consolidated the exceptional +8% posted in the first nine months of 2024. Stefanel also performed very well, with like-for-like growth of around 10% in the quarter. Finally, our approach to managing Goldenpoint is beginning to deliver its first results: overall sales are up by around 10% on the comparable period, driven by the success of the product categories developed by our design studios,” he said. 

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Pacsun to open first Dubai store early next year amid rampant US store rollout

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December 18, 2025

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December 19, 2025

Pacsun announced on Thursday it plans to opens its first Dubai store in early 2026, after the U.S. retailer open nine domestic stores in 2025 with 20-35 slated to open across the U.S. next year.

Pacsun

The debut flagship Dubai store will be Pacsun’s first international location in its 40-year history, and comes after the retailer revealed it had inked a new regional partnership in the Middle East with Majid Al Futtaim, earlier this month.

Under the agreement, Pacsun said it plans to open up to 20 stores across the Middle East over the next five years, including another flagship location in Abu Dhabi. 

The Dubai location comes on the back of two recent store openings across the U.S. — in New York City and Westchester — as the Los Angeles-based retailer looks to capitalise on double-digit growth in in-store traffic.

Looking ahead, the brand plans to add 20–35 new stores over the next three years, with nine leases already signed for 2026 — making next year the biggest domestic retail expansion for the company in nearly two decades.

“Our stores have become cultural touch points for a generation that values experience as much as product. What begins on our social channels—inspiration and community—ultimately drives young people to see it in person. Doubling down on brick-and-mortar simply reflects what our community is already telling us,” said Brieane Olson, chief executive officer, Pacsun.

Earlier this month, PacSun launched a curated resale shop, introducing PS Vintage Powered by Springy, a dedicated collection of thousands of one-of-a-kind vintage pieces for men and women. 

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Commercial property company Socri rebrands as Ceiba to target international markets

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3 hours ago

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December 18, 2025

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December 19, 2025

Montpellier-based group Socri Limited has announced a change of identity to become Ceiba, a name registered in around thirty countries to support the group’s international ambitions.

Ceiba

The group notably operates the Polygone shopping centres in Béziers and Montpellier, the Galeries Lafayette department stores in Avignon and Béziers, and the La Coupole shopping centre in Nîmes.

“Ceiba is a logical step,” explained its chairman, Nicolas Chambon. “We are not changing what we do; we are embracing what we have become. This new name allows us to assert an identity that is clear, committed, and true to our values.”

The name Ceiba, taken from the sacred Latin American tree, had already been used by the group’s U.S. subsidiary. Its adoption at group level “forms part of a deliberate international trajectory,” according to the company, which was founded in 2023.

The company's new logo
The company’s new logo – Ceiba

The group’s Nîmes shopping centre recently welcomed the opening of a Galeries Lafayette store, inaugurated on October 2. The opening is reported to have delivered a 45% increase in footfall at the 13,500-square-metre shopping centre at the start of autumn.

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MadaLuxe Group acquires fine jewelry brand Ippolita

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December 18, 2025

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December 19, 2025

MadaLuxe Group on Thursday said it has acquired fine jewelry brand Ippolita, as the U.S. lifestyle group looks to bolster its portfolio and expand into the fine jewelry category.

Ippolita

Financial terms of the deal were not disclosed.

Under the deal, founder of Ippolita, Ippolita Rostagno, will continue in her role as chief creative officer, overseeing all aspects of design across the brand’s jewelry collections.

“I founded Ippolita with the belief that fine jewelry should celebrate the artistry of the hand and honor the individuality of the women who wear it,” said Rostagno. “Joining MadaLuxe Group opens an exciting new chapter—one that allows us to protect our heritage while embracing meaningful opportunities for growth. I am delighted to continue guiding the brand’s creative vision as we reach an even broader global audience.”

Launching in 1999 exclusively at Bergdorf Goodman, Ippolita is known for its sculptural jewelery that blends contemporary design with Italian craftsmanship. Today, the brand is sold through leading luxury retailers and boutiques worldwide.

“We are thrilled to welcome Ippolita into the MadaLuxe Group family,” said Adam Freede, CEO and co-founder of MadaLuxe Group, which added it will support the New York fine jewelry brand’s continued growth across key markets worldwide.

“Ippolita is an iconic brand with a rich artistic heritage, extraordinary customer loyalty, and a timeless visual vocabulary. We see significant opportunity to drive brand growth through strategic support and investment. Above all, we saw a great chance to add someone as talented as Ippolita to the MadaLuxe family, who views the importance of people and company culture the same way that we do.”
 

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