Francis Belin, a former Christie’s executive, has been named chief executive officer of Mytheresa, the luxury website operated by LuxExperience. Belin will begin his new job on Jan. 1. His objective will be to sustain Mytheresa’s track record of strong global growth. More from WWD Michael Kliger, chief executive officer of LuxExperience, said in a statement Tuesday: “With Francis we have found an exceptional leader, who is renowned for his customer-centric focus, global mindset, delivery of excellent res ...

Core Insights - Marimekko's net sales and operating profit increased in the third quarter of 2025, with net sales reaching EUR 50.8 million, an 8% increase from EUR 47.2 million in the same period of 2024 [7][11] - The company expects net sales for 2025 to grow from EUR 182.6 million in 2024, with a comparable operating profit margin estimated at 16-19% [4][18] Financial Performance - In Q3 2025, net sales increased by 8% to EUR 50.8 million, driven by a 15% rise in wholesale sales [7][11] - Operating profit for Q3 improved to EUR 12.5 million, a 13% increase from EUR 11.1 million in Q3 2024, with a comparable operating profit of EUR 12.7 million [6][12] - For the January-September period, net sales grew by 5% to EUR 134.8 million, with operating profit rising to EUR 23.1 million [7][13] Market and Sales Insights - International sales accounted for 46% of total net sales in Q3 2025, with both wholesale and retail sales contributing to the growth [6][7] - The company reported a 3% increase in net sales in Finland, supported by positive retail sales development [7][13] - Marimekko's brand sales outside Finland decreased by 16% in Q3 2025 compared to the previous year [8] Strategic Developments - The company is focusing on expanding its international presence, particularly in Asia, with plans to open 10-15 new stores in 2025 [20][21] - Marimekko launched a French-language online store in August 2025, ahead of the opening of its first Paris flagship store [17] - The company continues to invest in its brand and customer community through various events and exhibitions, including the "Field of Flowers" exhibition [14][15] Future Outlook - The company anticipates challenges in 2025 due to uncertainties in the global economy, including geopolitical tensions and consumer behavior [18][19] - Licensing income is expected to be significantly lower in 2025 compared to the previous year, impacting overall net sales [22] - Fixed costs are projected to rise in 2025, influenced by general cost inflation and increased marketing expenses [23]

Core Insights - Marimekko's net sales and operating profit increased in the third quarter of 2025, with net sales reaching EUR 50.8 million, an 8% increase from EUR 47.2 million in the same period of 2024 [7][11] - The company expects net sales for 2025 to grow from EUR 182.6 million in 2024, with a comparable operating profit margin estimated at 16-19% [4][18] Financial Performance - In Q3 2025, net sales increased by 8% to EUR 50.8 million, driven by a 15% rise in wholesale sales [11] - Operating profit for Q3 improved to EUR 12.5 million, a 13% increase from EUR 11.1 million in Q3 2024, with a comparable operating profit of EUR 12.7 million [6][12] - For the January-September period, net sales grew by 5% to EUR 134.8 million, with operating profit reaching EUR 23.1 million [7][12] Market Dynamics - The growth in net sales was particularly strong in Finland and internationally, with Finnish sales increasing by 7% and international sales by 8% [11][12] - The company noted that licensing income was significantly lower than the previous year, impacting overall net sales [7][12] Strategic Initiatives - Marimekko is focusing on expanding its international presence, particularly in Asia, with plans to open 10-15 new stores in 2025 [20][21] - The company launched a French-language online store and opened its first flagship store in Paris to enhance global brand awareness [17] Challenges and Outlook - The company faces uncertainties related to global economic conditions, including geopolitical tensions and consumer confidence, which may affect sales and profitability in 2025 [18][19] - Fixed costs are expected to rise in 2025, influenced by general cost inflation and increased marketing expenses [23]

Core Viewpoint - Marimekko Corporation will release its Interim Report for the period of January 1 to September 30, 2025, on October 31, 2025, at 8:00 a.m. EET, with related materials available on its website [1][2] Group 1: Financial Performance - In 2024, Marimekko's net sales reached EUR 183 million, with a comparable operating profit margin of 17.5 percent [2] Group 2: Company Overview - Marimekko is a Finnish lifestyle design company known for its original prints and colors, offering a product portfolio that includes clothing, bags, accessories, and home décor items [2] - The company operates approximately 170 stores globally and serves customers in 39 countries through its online store [2] - Key markets for Marimekko include Northern Europe, the Asia-Pacific region, and North America, with a workforce of about 480 employees [2] - Marimekko's shares are listed on Nasdaq Helsinki Ltd [2]

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Core Insights - Marimekko Corporation is set to open a flagship store in Hong Kong on 16 October 2025, located in the premium shopping area of Causeway Bay, which is significant for both local and tourist shoppers [1][4] - The new store is a refurbishment of the original location that opened in 2012 and is operated by Sidefame Ltd, a loose franchise partner since 2011 [1][4] - The flagship store aims to enhance brand culture and omnichannel growth, showcasing Marimekko's lifestyle philosophy and art of printmaking [2][4] Company Strategy - Marimekko's strategy for 2023–2027 focuses on scaling its business, with a particular emphasis on Asia as a key area for international growth [4] - The company plans to build brand awareness in major cities like Hong Kong, which is recognized as a hub for creativity, fashion, and design [4] Store Design and Offerings - The exterior of the new flagship store features Marimekko's iconic Unikko print, while the interior design is inspired by the company's textile printing factory in Helsinki [3] - The store will offer a curated selection of Marimekko's products, including fashion items, bags, accessories, and home décor [3] Financial Performance - In 2024, Marimekko reported net sales of EUR 183 million, with a comparable operating profit margin of 17.5 percent [5] - The company operates approximately 170 stores globally and serves customers in 39 countries through its online store [5]

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Core Insights - Marimekko's net sales in the second quarter of 2025 increased by 2% to EUR 44.5 million, driven by growth in retail sales both domestically and internationally [7][11] - The company's operating profit improved to EUR 6.3 million, reflecting a positive trend despite higher fixed costs impacting profitability [7][12] - For the first half of 2025, net sales rose by 3% to EUR 84.1 million, with comparable operating profit at EUR 10.9 million, representing a decline from the previous year [13] Financial Performance - **Second Quarter Results**: - Net sales: EUR 44.5 million (up 2% from EUR 43.7 million) - Operating profit: EUR 6.3 million (up 4% from EUR 6.1 million) - Comparable operating profit margin: 14.6% [6][7][12] - **First Half Results**: - Net sales: EUR 84.1 million (up 3% from EUR 81.3 million) - Operating profit: EUR 10.6 million (down 5% from EUR 11.2 million) - Comparable operating profit margin: 13.0% [6][13] Market Outlook - The company anticipates growth in net sales for 2025, with expectations of a comparable operating profit margin of approximately 16-19% [4][18] - International sales are projected to grow, particularly in the Asia-Pacific region, which is a key focus for Marimekko's expansion strategy [21] - The company plans to open 10-15 new stores in 2025, primarily in Asia, to enhance its market presence [21] Strategic Initiatives - Marimekko's omnichannel retail sales increased by 6% in the second quarter, highlighting the effectiveness of its retail strategy [16] - The company is set to open its first flagship store in Paris in fall 2025, which is expected to enhance brand visibility and community engagement [17] - Collaborations with global brands and events have been instrumental in driving brand awareness and customer engagement [14][15]