{"id":227461,"date":"2023-02-27T07:50:55","date_gmt":"2023-02-27T07:50:55","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=227461"},"modified":"2023-02-27T18:00:10","modified_gmt":"2023-02-27T18:00:10","slug":"rixo-enters-the-big-leagues-reporting-impressive-2022-sales","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/rixo-enters-the-big-leagues-reporting-impressive-2022-sales\/","title":{"rendered":"Rixo sees turnover rise almost 70% in 2022"},"content":{"rendered":"
Womenswear label Rixo<\/a><\/span> has reported a strong post-pandemic comeback with turnover rising 69.7% during the financial year ending 20 June 2022.<\/strong><\/p>\n Rixo<\/a> operates its business through its independent stores, wholesale to independent stores, sales through department stores, and via its own e-commerce channel.<\/p>\n During the 2022 fiscal year, turnover stood at \u00a317.41 million compared to \u00a310.26 million the year prior, up by 69.7%. EBITDA rose to \u00a34.82 million, up by 27.7% year-on-year.<\/p>\n Meanwhile operating profits stood at \u00a34.55 million in comparison to \u00a33.54 million in the year prior. Gross profit totalled \u00a311.93 million (\u00a37.24 million the year prior).<\/p>\n Rixo said the \u201csuccess of the company\u201d covered all of its channels. Its two London stores and wholesale operations, in particular, benefited from reopening post-COVID.<\/p>\n