Manolo Blahnik’s first store in mainland China
British footwear brand Manolo Blahnik has released its latest fiscal year performance as of December 31, 2023: sales decreased by 10% year-on-year to 106.5 million euros, and pre tax profit decreased by 30% year-on-year to 15.4 million euros, but operating profit remains strong, accounting for 15% of total revenue. Despite not being spared from the slowdown in the luxury goods market, the brand stated that its performance in 2023 met the group’s expectations and was “the second best year so far
