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Sales and profits jump at Richemont UK arm in 2024/25 year

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December 17, 2025

Richemont UK’s results for the year to the end of March are in and they showed both revenues and profits rising.

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Chloe – Fall-Winter2024 – 2025 – Womenswear – France – Paris – ©Launchmetrics/spotlight

The company said that revenue increased from £263.3 million to £277.2 million. Gross profit rose from £113.6 million to just under £124 million with operating profit almost tripling from £12.5 million to £32 million.

And net profit for the year jumped too from £8.7 million to £21.67 million.

The company didn’t provide any details about its UK-specific performance and had it done so, it may not have helped as some of its operations file their results separately.

Switzerland-based Richemont owns a raft of brands from Chloé to Alaïa, Dunhill, Cartier, Van Cleef & Arpels and Watchfinder.

Watchfinder has already filed its results for the year and others such as Cartier and Dunhill are due to do so before the end of December.

Meanwhile, in its own most recent results that the parent group filed last month, it said H1 of the current financial year saw group sales for the half up 10% to €10.6 billion at constant exchange rates (CER) or 5% at actual rates. And in Q2 they accelerated to +14% CER. Operating profit rose to €2.358 billion, up 7% actual, or 24%CER.

It saw continued strength at Jewellery Maisons like Cartier and Van Cleef & Arpels, yet Specialist Watchmakers declined again. As for its fashion and accessories brands, they were “broadly stable” for half but rose more strongly in Q2.

The performance was boosted by ongoing strength at Alaïa and Peter Millar, and improved momentum at Chloé. 

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Columbia opens first store in Puerto Rico

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December 19, 2025

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December 19, 2025

Columbia continues to strengthen its presence in the Caribbean with the opening of its first store in Puerto Rico, located at Plaza Carolina in San Juan. The opening, announced on November 25, 2025, marks a strategic step for the company in the Puerto Rican market and forms part of its regional expansion plan. The launch was backed by an initial investment of approximately $1.2 million, earmarked for infrastructure and merchandise.

Columbia

The project will also have a direct impact on the local economy, with the creation of more than 50 jobs, helping to strengthen the island’s retail ecosystem. The company emphasises that this initiative reinforces its commitment to local talent and to developing a robust and sustainable operation in Puerto Rico.

The new store spans 3,846 square feet, or about 357 square metres, and has been designed to deliver a comprehensive shopping experience for outdoor enthusiasts. The space brings together specialised ranges for trail running, fishing, hiking, and lifestyle, alongside technical footwear and accessories. All products are supported by Columbia’s proprietary technologies, designed to provide protection, cooling, warmth, and comfort across different environments and weather conditions.

As part of its commercial strategy, the store features a product mix of 60% menswear and 40% womenswear, with a continual refresh cycle through the twice-yearly introduction of new collections. This approach reflects the brand’s commitment to continuous innovation and to responding to consumer trends in the outdoor segment, including the global rise of trail running, a category that Columbia officially introduced this year to its regional assortment.

With this opening, Columbia reaffirms its goal of consolidating its position as one of the leading choices in Puerto Rico for consumers seeking reliable, high-performance products designed to support a range of outdoor activities. The Plaza Carolina opening therefore represents a new chapter in the brand’s expansion strategy in the Caribbean, strengthening its positioning and closeness to the local market.

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Zurich-based Skincode opens a pop-up in Portugal showcasing medical-grade dermocosmetics

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December 19, 2025

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December 19, 2025

Zurich-based Skincode AG- renowned for its 100% vegan, cruelty-free and paraben-free medical skincare products- has just opened its first pop-up in Vila Nova de Gaia. The launch took place on Wednesday, December 17, inside Farmácia Gaia Jardim, located in the Gaia Jardim Shopping Centre, specifically at 399 Avenida dos Escultores. The initiative marks a strengthening of Skincode’s physical presence in Portugal.

@skincode_portugal / Instagram

According to a statement issued by AICEP, the pop-up was entirely designed, produced and installed by the Portuguese company Decorpublic, based in Famões, Odivelas, which specialises in point-of-sale (POS) marketing and advertising decor solutions.

The statement also notes that the design of this debut pop-up store is intended to reflect the brand’s Swiss tradition, combining precision and purity with scientific excellence. It adds that, in creating the space, Decorpublic combined high-gloss lacquer finishes, crisp white surfaces, integrated lighting, and backlit displays. Decorpublic also states that the result captures Skincode’s clinically tested approach to dermocosmetics.

@skincode_portugal / Instagram

Skincode’s CEO and founder, Prinz Niclas Massalsky, said, “A big thank you to Farmácia Gaia Jardim for the honour of a fantastic collaboration, and to Decorpublic for producing and installing this impressive display/retail unit.” He said in another statement, “We couldn’t be happier and prouder.”

The Swiss dermocosmetics brand, headquartered in Zurich, is present in Portugal through pharmaceutical distribution channels and strategic physical points of sale. The Essentials (sensitive skin) and Exclusive (cellular anti-ageing) ranges can be found in pharmacies and parapharmacies such as Farmácia Triunfo, as well as through distribution networks such as Pharmashop. They are also available online in stores including Care to Beauty, Makeupstore.pt, and BeautyTheShop.

@skincode_portugal / Instagram

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Rams Global, Swinger International, and SRI Group acquire minority stake in Etro

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December 19, 2025

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December 19, 2025

Iconic Italian luxury lifestyle brand Etro is entering a new phase of development. A consortium of industrial investors comprising Rams Global, Mathias Facchini (Swinger International), and banker Giulio Gallazzi (through SRI Group) has acquired the minority stake previously held by the Etro family. L Catterton remains the majority shareholder and will continue to actively support the brand’s long-term growth strategy.

Etro’s new investor consortium

The transaction is intended to strengthen Etro’s industrial and strategic capabilities, while underscoring strong external confidence in the brand’s positioning and future potential. Financial terms were not disclosed. However, the implied valuation exceeds that of L Catterton’s original investment, confirming the value created since it came on board.

Through their respective platforms, Rams Global, Facchini, and Gallazzi chose to invest in Etro after identifying significant untapped potential in both existing and new markets. These partners will contribute industry expertise, networks, and industrial know-how to support the next phase of international expansion and category development.

The current CEO, Fabrizio Cardinali, will remain a central figure in the company’s future, continuing to lead the execution of the strategic plan with the new investors. Faruk Bülbül, representing Rams Global, will be appointed chairman of the Board of
Directors and will work closely with the CEO and shareholders to support the next phase of growth.

Etro SS26
Etro SS26

Rams Global has over 36 years of experience across 11 business areas, from luxury residences to hospitality and gastronomy, with an established international presence in numerous countries and major global cities.

Swinger International S.p.A. is an Italian fashion group specialising in apparel, footwear, bags, and accessories in the ready-to-wear and contemporary segments. The company manages its own brands, including the women’s ready-to-wear label Genny, as well as licensed collaborations with leading international fashion houses.

Giulio Gallazzi is president & CEO of SRI Group, a private equity investor focused on SMEs. He has extensive experience in international business development, corporate finance, and corporate governance. Under his leadership, SRI Group has completed several strategic acquisitions and has become one of the main shareholders of the Banca del Fucino Group.

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