17 February 2022, Mumbai:
Bottega Veneta’s 2021 revenue exceeded €1.5 billion. On top of a high comparison base in 2020, revenue grew 24% as reported and 25% on a comparable basis, and was up 32% on a comparable basis relative to 2019.
Sales from directly operated stores were very strong, up 29% year-on-year on a comparable basis. Wholesale revenue was up 16% year-on-year on a comparable basis.
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In the fourth quarter of 2021, revenue rose 14% year-on-year on a comparable basis and 31% relative to the same period in 2019.
Bottega Veneta’s 2021 recurring operating income totaled €286 million, and its recurring operating margin rose to 19.1%.
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