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BOTTEGA VENETA SALES UP 16% IN THIRD QUARTER 2013
October 25, 2013 – Bottega Veneta announces third quarter results, reporting sales of 259.3 million euro, posting an increase of 16% at constant currency compared to the same period in 2012. The growth was recorded in all geographic areas, for both retail and wholesale channels; once again directly operated stores took the lead in driving sales with an 18% growth.
For the first nine months of 2013, Bottega Veneta therefore reports a total turnover of 724.9 million euro, posting an increase of 14% over the same period last year. The number of directly operated stores increased as well to 215, compared to 209 in the first half of the year and 196 at the end of 2012.
“We are very pleased with the performance of the first nine months of the year and most of all during the last quarter,” said Marco Bizzarri, President and CEO of Bottega Veneta. “The third quarter of the year marks an important milestone in the history of Bottega Veneta, following a period of extraordinary efforts that have been taken for some paramount initiatives to come to fruition. It is in the past three months that we have proudly fulfilled these efforts, inaugurating our first Maison in the world – a space of over 1,000 square meters on Via Sant’Andrea in Milan – and the new Atelier, in a historic villa in Montebello Vicentino. Both initiatives, carried out in accordance to the latest standards of environmental sustainability, welfare and social responsibility, confirm the company’s desire to devote more and more attention and care not only to its customers, but to its own employees, who are the indisputable asset of Bottega Veneta that have always been inseparably linked to the great tradition of outstanding Italian craftsmanship.”