Berluti - in debt Berluti Fast Track
06.02.2025 6556

Berluti - in debt

Italian luxury brand Berluti, which is celebrating its 130th anniversary this year, is burdened with huge debts. The head of the brand's parent company LVMH, Bernard Arnault, spoke about Berluti's dire situation during the presentation of the French luxury group's financial results for 2024, writes Glitz.Paris.

Back in 2023, the brand recorded a loss of 10,1 million euros on a turnover of 148 million. A more than satisfactory result, considering that in the previous year, 2022, with revenues of 116 million euros, Berluti's losses amounted to 28 million euros. According to Glitz.Paris, in July 2023, Berluti's capital was increased by 28,8 million euros to offset part of these losses.

The stores in France reported good results and sales growth in 2023. However, this was not enough to offset the losses of some international stores, especially in Asia.

Berluti's Hong Kong subsidiary posted a loss of 2023 million euros in 1,6, while its Macau subsidiary posted a loss of almost 900 euros. Until January last year, Berluti's CEO was Antoine Arnault, son of LVMH boss Bernard, who was replaced by Jean-Marc Mansvelt.

Berluti Fast Track Berluti Fast Track

Despite the lackluster results, the brand continued to make major investments, particularly in opening new retail stores and renovating old ones. To judge the current state of the brand, analysts are waiting for data for 2024, in which Berluti designed the official tracksuits and sneakers for France at the Olympics.

Hopes are pinned on the Berluti Fast Track hybrid shoe, which was hailed as a success product during LVMH's recent 2024 financial results presentation.

Marina Shumilina

Subscribe and follow the Shoes Report news in our official Telegram channel  

Italian luxury brand Berluti, which is celebrating its 130th anniversary this year, is burdened with huge debts. Bernard Arnault, the head of the brand's parent company LVMH, spoke about Berluti's dire situation during…
5
1
Rating

Latest News

The Moscow flagship of the AMAZING RED chain has strengthened its service component

AMAZING RED, a multi-brand retail chain owned by Inventive Retail Group, has renovated its flagship store in Moscow's Aviapark shopping center. Its retail space has doubled to 365 square meters, and separate gaming and sports areas have been added.
22.04.2026 101

French Lacoste has updated its logo.

The updated logo of French sportswear brand Lacoste uses a serif font inspired by the house's archives. The signature "crocodile," the brand emblem, has also been redesigned. The red tongue is made more prominent. The green tone of the design…
22.04.2026 128

Clarks celebrates annual Wallabee Day

On April 26, Clarks Originals will celebrate its third annual Wallabee Day, paying tribute to the cultural influence of the popular moccasin. The British brand is launching the "Worn by the World" campaign and two premium versions of the Wallabee 2604…
21.04.2026 346

A Portuguese safety footwear brand has launched reusable shoe covers, CleanStep.

A Portuguese safety footwear brand has released CleanStep—reusable shoe covers that allow users to move between rooms without leaving marks or dirt on the floor, writes…
21.04.2026 436

China's Anta Sport has cemented its place among the world's top three sporting goods market leaders.

China's Anta Sport Group announced its audited annual results for the year ended December 31, 2025 (the "financial…
20.04.2026 928
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning