Geox, the renowned Italian footwear brand, has announced a change in leadership as it grapples with a slight decline in sales for the fiscal year 2023. Mario Moretti Polegato, Chairman and founder of Geox, acknowledged the challenges faced by the company amidst a complex macroeconomic environment, which impacted its target market. In addition to the […]
“After two years of robust expansion, 2023 signals a period of stabilization. Initial revenue figures indicate a 2.2% decline compared to the previous year at current exchange rates, while constant exchange rates reveal a marginal 0.3% uptick. This steady state comes amidst a challenging macroeconomic backdrop marked by geopolitical tensions, elevated interest rates, and inflation, […]
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