The 2022-23 financial statements for Stine Goya offer record growth of 35%, sourced primarily from the international markets.
At the same time, Stine Goya supports positive development and future growth with further investments in the UK and the US.
The brand has transitioned from an agency to an in-house wholesale set-up in its handling of the UK market, established its own London showroom, and, in September, opened its own flagship store on Beak Street.
The US wholesale market has also been taken in-house, and a separate set-up based in New York has been established.
“We are very pleased to be able to show continued significant growth and at the same time be able to make investments in our future development. With the investments, we wanted to get closer to our customers in the UK and US, which is a prerequisite for building further growth in these core markets in the short and long term,” says CEO and co-owner Thomas Hertz.
Focus on collection development and increased international sales efforts, not least from the annual events in Paris, have also created a positive development in Europe and Asia.
“We can feel how renewal in our collections, an increased presence in Paris and a great effort from our team have lifted our sales in Europe and Asia in the form of cooperation with such new key accounts as La Samaritan in Paris, Galleri Lafayette on the Champs Elysee, Breuninger in Germany as well as several new profile stores in Italy, Greece, South Korea and the Middle East”, says Thomas Hertz.
