Spanish Bimba y Lola grows 12% in first half boosted by its international expansion

The company pointed that sales of the group evolved considerably in its Asian and Latin American markets, where it has planned to expand its presence during its fiscal year.

Mds

11 sep 2019 - 09:57

Bimba y Lola closes its first half on the rise. The Spanish womenswear company has closed its first half with an increase of 12% in its revenue. The company has stated that its positive results are because of its bet for the international markets. International markets represent one third of the group’s sales.

Specifically, Bimba y Lola has pointed in a press release that the region where its sales had the best performance where Asia and Latin America, where the company has plans to expand its offers in the next couple of months.

The group has stated that it’s also planning openings in Hong Kong and Panamá in the next couple of months. Besides, the group also considers reinforcing its Italian presence in cities like Venice of Florence.

Bimba y Lola has closed the first half of its fiscal year with 280 stores

Meanwhile, the company will continue growing in the online market with the introduction of its ecommerce platform in Singapore and Chile.

The Spanish company closed its first half with 280 stores, 111 outside of its local market. During the period, Bimba y Lola started its operation in Malasia with the opening of its first store in Kuala Lumpur.