Latest news with #KarlLagerfeld
Fashion Network
2 days ago
- Business
- Fashion Network
Morellato Group, Italy's leading jewelry and watchmaker, closes fiscal year with €723 million revenue and 21.3% EBITDA
Morellato Group, a prominent Italian jewelry and watchmaking company headquartered in Fratte di Santa Giustina in Colle, Padua, concluded its 2024/25 fiscal year (ending February 28, 2025) with positive financial results and improved profitability. The company maintained its leadership position in Italy, reporting revenues of €723 million, a slight decrease from €737 million the previous year, while its EBITDA margin rose to 21.3%. Employing 4,800 people, Morellato Group oversees 22 brands, including Morellato, Bluespirit, Christ, D'Amante, Cleor, Philip Watch, and Sector No Limits. Precious jewelry accounted for 75% of its turnover, e-commerce contributed 20%, and international markets represented 70% of sales. The group's products are available through 7,000 wholesale retailers across 60 countries and 660 directly operated stores, complemented by six proprietary e-commerce platforms. Morellato expanded its retail footprint in the last fiscal year with 19 new store openings. It initiated a store refurbishment program across four European markets, aiming to increase its retail presence in 2025. The company emphasized its commitment to sustainability by producing all precious collections under the Morellato brand using 100% recycled silver. It continues to support the growth of Live Diamond, a brand offering fully sustainable precious jewelry made from 100% recycled gold and lab-grown diamonds and gemstones. The German brand Christ also utilizes only 100% recycled silver in its products. In 2024, Morellato Group signed a significant licensing agreement with the Karl Lagerfeld fashion house to produce and distribute watches and jewelry, bringing the total number of brands it manages, including owned and licensed, to 22. 'I am satisfied with the results achieved in 2024, a particularly challenging year for the market environment and for the group's efforts, which allowed us to increase profitability and gain new market shares,' said Massimo Carraro, president of Morellato Group. 'We accomplished this by consistently implementing our corporate manifesto 'Make It Precious,' which serves as our guiding principle and decision-making framework, always focusing on the customer. This approach has proven effective, and I am even more convinced of the importance of continuing it.' Morellato Group owns 15 brands: Morellato, Sector No Limits, Philip Watch, Lucien Rochat, Live Diamond, Oui&Me, La Petite Story, Chronostar, and FAVS, along with retail brands Bluespirit (specializing in 18-karat gold) and D'Amante (focused on diamond and gemstone jewelry) in Italy, and Christ (operating in Germany and Austria), Brinckmann & Lange, Cleor (based in Paris), and Noélie. The group also holds licenses for seven brands: Karl Lagerfeld, Maserati, Chiara Ferragni, Trussardi, Esprit, Jette, and Guido Maria Kretschmer. A pioneer in the jewelry sector with ESG certification, Morellato began publishing its Sustainability Report in 2022 following international GRI Standards. Since 2023, the group has been certified by the Responsible Jewellery Council (RJC), the leading global organization for defining and monitoring sustainability criteria in the jewelry industry, adhering to the strictest environmental standards.
Fashion Network
2 days ago
- Business
- Fashion Network
Morellato Group, Italy's leading jewelry and watchmaker, closes fiscal year with €723 million revenue and 21.3% EBITDA
Morellato Group, a prominent Italian jewelry and watchmaking company headquartered in Fratte di Santa Giustina in Colle, Padua, concluded its 2024/25 fiscal year (ending February 28, 2025) with positive financial results and improved profitability. The company maintained its leadership position in Italy, reporting revenues of €723 million, a slight decrease from €737 million the previous year, while its EBITDA margin rose to 21.3%. Employing 4,800 people, Morellato Group oversees 22 brands, including Morellato, Bluespirit, Christ, D'Amante, Cleor, Philip Watch, and Sector No Limits. Precious jewelry accounted for 75% of its turnover, e-commerce contributed 20%, and international markets represented 70% of sales. The group's products are available through 7,000 wholesale retailers across 60 countries and 660 directly operated stores, complemented by six proprietary e-commerce platforms. Morellato expanded its retail footprint in the last fiscal year with 19 new store openings. It initiated a store refurbishment program across four European markets, aiming to increase its retail presence in 2025. The company emphasized its commitment to sustainability by producing all precious collections under the Morellato brand using 100% recycled silver. It continues to support the growth of Live Diamond, a brand offering fully sustainable precious jewelry made from 100% recycled gold and lab-grown diamonds and gemstones. The German brand Christ also utilizes only 100% recycled silver in its products. In 2024, Morellato Group signed a significant licensing agreement with the Karl Lagerfeld fashion house to produce and distribute watches and jewelry, bringing the total number of brands it manages, including owned and licensed, to 22. 'I am satisfied with the results achieved in 2024, a particularly challenging year for the market environment and for the group's efforts, which allowed us to increase profitability and gain new market shares,' said Massimo Carraro, president of Morellato Group. 'We accomplished this by consistently implementing our corporate manifesto 'Make It Precious,' which serves as our guiding principle and decision-making framework, always focusing on the customer. This approach has proven effective, and I am even more convinced of the importance of continuing it.' Morellato Group owns 15 brands: Morellato, Sector No Limits, Philip Watch, Lucien Rochat, Live Diamond, Oui&Me, La Petite Story, Chronostar, and FAVS, along with retail brands Bluespirit (specializing in 18-karat gold) and D'Amante (focused on diamond and gemstone jewelry) in Italy, and Christ (operating in Germany and Austria), Brinckmann & Lange, Cleor (based in Paris), and Noélie. The group also holds licenses for seven brands: Karl Lagerfeld, Maserati, Chiara Ferragni, Trussardi, Esprit, Jette, and Guido Maria Kretschmer. A pioneer in the jewelry sector with ESG certification, Morellato began publishing its Sustainability Report in 2022 following international GRI Standards. Since 2023, the group has been certified by the Responsible Jewellery Council (RJC), the leading global organization for defining and monitoring sustainability criteria in the jewelry industry, adhering to the strictest environmental standards.
Fashion Network
2 days ago
- Business
- Fashion Network
Morellato Group, Italy's leading jewelry and watchmaker, closes fiscal year with €723 million revenue and 21.3% EBITDA
Morellato Group, a prominent Italian jewelry and watchmaking company headquartered in Fratte di Santa Giustina in Colle, Padua, concluded its 2024/25 fiscal year (ending February 28, 2025) with positive financial results and improved profitability. The company maintained its leadership position in Italy, reporting revenues of €723 million, a slight decrease from €737 million the previous year, while its EBITDA margin rose to 21.3%. Employing 4,800 people, Morellato Group oversees 22 brands, including Morellato, Bluespirit, Christ, D'Amante, Cleor, Philip Watch, and Sector No Limits. Precious jewelry accounted for 75% of its turnover, e-commerce contributed 20%, and international markets represented 70% of sales. The group's products are available through 7,000 wholesale retailers across 60 countries and 660 directly operated stores, complemented by six proprietary e-commerce platforms. Morellato expanded its retail footprint in the last fiscal year with 19 new store openings. It initiated a store refurbishment program across four European markets, aiming to increase its retail presence in 2025. The company emphasized its commitment to sustainability by producing all precious collections under the Morellato brand using 100% recycled silver. It continues to support the growth of Live Diamond, a brand offering fully sustainable precious jewelry made from 100% recycled gold and lab-grown diamonds and gemstones. The German brand Christ also utilizes only 100% recycled silver in its products. In 2024, Morellato Group signed a significant licensing agreement with the Karl Lagerfeld fashion house to produce and distribute watches and jewelry, bringing the total number of brands it manages, including owned and licensed, to 22. 'I am satisfied with the results achieved in 2024, a particularly challenging year for the market environment and for the group's efforts, which allowed us to increase profitability and gain new market shares,' said Massimo Carraro, president of Morellato Group. 'We accomplished this by consistently implementing our corporate manifesto 'Make It Precious,' which serves as our guiding principle and decision-making framework, always focusing on the customer. This approach has proven effective, and I am even more convinced of the importance of continuing it.' Morellato Group owns 15 brands: Morellato, Sector No Limits, Philip Watch, Lucien Rochat, Live Diamond, Oui&Me, La Petite Story, Chronostar, and FAVS, along with retail brands Bluespirit (specializing in 18-karat gold) and D'Amante (focused on diamond and gemstone jewelry) in Italy, and Christ (operating in Germany and Austria), Brinckmann & Lange, Cleor (based in Paris), and Noélie. The group also holds licenses for seven brands: Karl Lagerfeld, Maserati, Chiara Ferragni, Trussardi, Esprit, Jette, and Guido Maria Kretschmer. A pioneer in the jewelry sector with ESG certification, Morellato began publishing its Sustainability Report in 2022 following international GRI Standards. Since 2023, the group has been certified by the Responsible Jewellery Council (RJC), the leading global organization for defining and monitoring sustainability criteria in the jewelry industry, adhering to the strictest environmental standards.
Fashion Network
2 days ago
- Business
- Fashion Network
Morellato Group, Italy's leading jewelry and watchmaker, closes fiscal year with €723 million revenue and 21.3% EBITDA
Morellato Group, a prominent Italian jewelry and watchmaking company headquartered in Fratte di Santa Giustina in Colle, Padua, concluded its 2024/25 fiscal year (ending February 28, 2025) with positive financial results and improved profitability. The company maintained its leadership position in Italy, reporting revenues of €723 million, a slight decrease from €737 million the previous year, while its EBITDA margin rose to 21.3%. Employing 4,800 people, Morellato Group oversees 22 brands, including Morellato, Bluespirit, Christ, D'Amante, Cleor, Philip Watch, and Sector No Limits. Precious jewelry accounted for 75% of its turnover, e-commerce contributed 20%, and international markets represented 70% of sales. The group's products are available through 7,000 wholesale retailers across 60 countries and 660 directly operated stores, complemented by six proprietary e-commerce platforms. Morellato expanded its retail footprint in the last fiscal year with 19 new store openings. It initiated a store refurbishment program across four European markets, aiming to increase its retail presence in 2025. The company emphasized its commitment to sustainability by producing all precious collections under the Morellato brand using 100% recycled silver. It continues to support the growth of Live Diamond, a brand offering fully sustainable precious jewelry made from 100% recycled gold and lab-grown diamonds and gemstones. The German brand Christ also utilizes only 100% recycled silver in its products. In 2024, Morellato Group signed a significant licensing agreement with the Karl Lagerfeld fashion house to produce and distribute watches and jewelry, bringing the total number of brands it manages, including owned and licensed, to 22. 'I am satisfied with the results achieved in 2024, a particularly challenging year for the market environment and for the group's efforts, which allowed us to increase profitability and gain new market shares,' said Massimo Carraro, president of Morellato Group. 'We accomplished this by consistently implementing our corporate manifesto 'Make It Precious,' which serves as our guiding principle and decision-making framework, always focusing on the customer. This approach has proven effective, and I am even more convinced of the importance of continuing it.' Morellato Group owns 15 brands: Morellato, Sector No Limits, Philip Watch, Lucien Rochat, Live Diamond, Oui&Me, La Petite Story, Chronostar, and FAVS, along with retail brands Bluespirit (specializing in 18-karat gold) and D'Amante (focused on diamond and gemstone jewelry) in Italy, and Christ (operating in Germany and Austria), Brinckmann & Lange, Cleor (based in Paris), and Noélie. The group also holds licenses for seven brands: Karl Lagerfeld, Maserati, Chiara Ferragni, Trussardi, Esprit, Jette, and Guido Maria Kretschmer. A pioneer in the jewelry sector with ESG certification, Morellato began publishing its Sustainability Report in 2022 following international GRI Standards. Since 2023, the group has been certified by the Responsible Jewellery Council (RJC), the leading global organization for defining and monitoring sustainability criteria in the jewelry industry, adhering to the strictest environmental standards.
Tatler Asia
22-05-2025
- Business
- Tatler Asia
8 luxurious designer hotels where fashion invites you to stay
The Karl Lagerfeld As Karl Lagerfeld's final and most comprehensive hotel project, this Macau property stands as his ultimate design statement. His modern interpretation of chinoiserie blends rock-chic aesthetics with elegant Oriental elements, featuring recurring motifs of his iconic silhouette. The remarkable Book Lounge displays 4,000 volumes personally selected by Lagerfeld, modelled after his famed Paris library; inded, the designer hotel in its entirety represents a living museum of Lagerfeld's creative genius. Also read: Inside the Karl Lagerfeld Hotel in Macau Cheval Blanc Paris LVMH's ultra-luxury hospitality brand creates perfect synergy between fashion and five-star accommodations. The 72-room Parisian haven, designed by architect Peter Marino, marries contemporary boldness with Art Déco heritage. The property's crowning jewel—Dior Spa Cheval Blanc Paris—exemplifies LVMH's cross-brand strategy, offering treatments that embody both maisons' commitment to excellence. Highly trained 'alchemists' deliver personalised service reflecting the quintessential French Art de Recevoir. Fendi Private Suites With just seven meticulously designed suites housed within Palazzo Fendi itself, Fendi offers perhaps the most intimate designer immersion available. Each suite showcases exquisite Fendi Casa pieces, with some featuring Karl Lagerfeld's photographs celebrating Rome's iconic fountains. The experience transcends accommodation—guests receive Fendi Selleria cardholders and access to private boutique tours. Diptyque toiletries, underfloor heating and iPads pre-loaded with Fendi-curated Rome itineraries complete the experience. Armani Hotels Giorgio Armani's hospitality ventures embody his signature minimalist luxury. The designer personally oversaw every design detail at the Armani hotels, ensuring these properties genuinely reflect his 'Stay with Armani' philosophy. Interiors feature sleek lines, monochromatic palettes and sumptuous Eramosa stone floors, and each touchpoint—from custom Armani/Casa furnishings to signature toiletries—reinforces the sensation of living within Armani's cultivated world. The immersion continues through Armani/Spa experiences, Armani/Ristorante dining and service from dedicated lifestyle managers (or Armani ambassadors). Also read: Hotel review: Armani Hotel Milano combines austere Milanese minimalism with high-end glamour Palazzo Versace The Palazzo Versace Dubai celebrates the brand's flamboyant DNA through neoclassical architecture adorned with iconic Medusa heads and intricate Greek motifs. Every piece of furniture in this designer hotel belongs to the Versace Home Collection, creating spaces where opulence reigns supreme: guests sleep on Versace-designed linens, bathe with Versace toiletries and dine on exquisite Versace Rosenthal china. Round Hill Hotel and Villas American fashion icon Ralph Lauren personally designed the 36 oceanfront Pineapple House rooms at this storied Caribbean retreat. At Round Hill, classic American style meets barefoot Jamaican luxury, as seen in four-poster bamboo beds and Ralph Lauren Home Collection furnishings. Hotel Vermelho by Christian Louboutin Hotel Vermelho, Christian Louboutin's first hospitality venture, infuses the legendary shoemaker's aesthetic into a Portuguese retreat. Each space functions as a curated stage set, where the designer's signature can be seen in bold red accents, dramatic lighting schemes and bespoke furnishings that echo the craftsmanship of Louboutin's coveted footwear. Coming up: Louis Vuitton's Parisian vision Louis Vuitton is making a bold statement in the world of hospitality with its highly anticipated Paris hotel, slated to open in 2026 on the Champs-Élysées. The hotel's striking facade—it's made to resemble an oversized LV trunk—is more than just architectural flair; it's a tribute to the maison's storied travel heritage. Credits This article was created with the assistance of AI tools
