Simply after the inauguration of its new flagship store in Forte dei Marmi (see image), opened 6th July 2013, Stone Island has announced the opening of a brand new flagship store in Munich set to happen in September 2013.
The 100sqm shop, with two windows and a glass door is situated at quantity 27 of the prestigious procuring avenue Maximilianstrasse. It would host the Stone Island and Stone Island Junior collections, and the Stone Island Shadow Undertaking. It is the second flagship store opened in Germany after the one launched in March 2012 in Sylt, the island and holiday vacation spot dealing with the North Sea.
“I have been looking for a very long time for the suitable location in Munich. It is a city with which I’ve a strong and lengthy-time hyperlink and I am very happy to have found this great house in Maximillianstrasse. After Sylt, we are strengthening our funding in Germany, a particularly vital marketplace for us, which is giving us very optimistic suggestions,” commented Carlo Rivetti, President, proprietor and inventive director, Sportswear Company.
The company is carefully centered on growth in Germany, especially after the opening of its German branch in 2010, established in Munich and managing each Germany and Austria. At current Stone Island is working with Germany and Austria with 150 multibrand stores whose sales symbolize the eleven% of the 2013 ordered value, with a development of 20% versus 2012. The results of the company are according to its world progress, closing 2012 with a turnover of 60,790,000 (+17% compared to 2011) and foreseeing a development of 12% for 2013. Export counts for 61%, whereas the company’s home market (Italy) accounts for 39%, additionally registering a +6.2% progress when compared with 2012.
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