Lancel ends fiscal year with 6.5% revenue growth
Sales through Lancel's directly operated network—which spans around 80 boutiques, including more than 60 in France—rose by 8.7%. Like-for-like growth was even stronger, reaching 12.8%, while wholesale revenue posted a 2.8% uptick.
Lancel's strong performance reflects the ongoing repositioning strategy it launched after Italy's Piquadro Group acquired the brand from Swiss luxury company Richemont.This evolution also includes a creative shift, marked by the appointment of Valeria Vigorelli—formerly of Chloé—as creative director at the end of 2023.
'In a challenging and unpredictable economic and geopolitical environment, the Piquadro Group has once again demonstrated resilience. We're pleased to end the 2024–2025 fiscal year with a 1.9% increase in revenue and a 10% rise in net profit. These results confirm the strength of our medium- and long-term strategy,' said Marco Palmieri, CEO and owner of the Italian leather goods group.
'We're especially proud of Lancel's performance, as the brand has returned to profitability for the first time—clear evidence of the success behind our repositioning and streamlining efforts,' Palmieri added.
At the group level, including Piquadro and The Bridge, total revenue reached €183.6 million, marking a 1.9% year-on-year increase. EBITDA came in at €31.4 million, slightly below the €32 million reported as of March 31, 2024.
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