Stone Island To Open Flagship Retailer In Munich

Simply after the inauguration of its new flagship store in Forte dei Marmi (see picture), opened 6th July 2013, Stone Island has announced the opening of a brand new flagship retailer in Munich set to take place in September 2013.

The 100sqm shop, with two home windows and a glass door is situated at number 27 of the prestigious shopping avenue Maximilianstrasse. It should host the Stone Island and Stone Island Junior collections, and the Stone Island Shadow Mission. It is the second flagship store opened in Germany after the one launched in March 2012 in Sylt, the island and vacation destination going through the North Sea.

“I have been looking for a very long time for the precise location in Munich. It’s a city with which I have a strong and lengthy-time link and I am very pleased to have found this great area in Maximillianstrasse. After Sylt, we are strengthening our funding in Germany, an especially necessary market for us, which is giving us very constructive suggestions,” commented Carlo Rivetti, President, owner and artistic director, Sportswear Firm.

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The corporate is fastidiously centered on growth in Germany, especially after the opening of its German branch in 2010, established in Munich and managing both Germany and Austria. At present Stone Island is working with Germany and Austria with a hundred and fifty multibrand shops whose gross sales symbolize the 11% of the 2013 ordered worth, with a progress of 20% versus 2012. The outcomes of the corporate are consistent with its global development, closing 2012 with a turnover of 60,790,000 (+17% in comparison with 2011) and foreseeing a development of 12% for 2013. Export counts for 61%, whereas the company’s domestic market (Italy) accounts for 39%, additionally registering a +6.2% progress when in contrast with 2012.

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