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Lola Casademunt strengthens presence in French market, sets foot in the Netherlands
Spanish fashion company Lola Casademunt is continuing to strengthen its international presence and is expanding in France, a market that is key to its development. It currently has 180 points of sale in the country, but plans to reach 220 this year, in addition to entering the main department store chains in the country.
Thus, the brand is looking to record a turnover of 2 million euros in France by 2023, as it announced a few months ago. In addition, and in line with its objective of expanding its retail network in France, it will participate in the next edition of the Who's Next trade fair in Paris, to be held from January 21 to 23.
"Since we began our international expansion plan just two years ago, at Lola Casademunt we have continued to make progress, consolidating our position in new countries and conquering other strategic markets as well. Being present in France, a demanding and very developed country in the fashion and retail sector, and growing significantly through multi-brand clients, encourages us to continue with this growth plan that is giving us so much joy", said the company's general manager, Paco Sánchez.
The brand is also setting foot in the Dutch market by participating for the first time in the Modafabriek trade fair, which will take place in Amsterdam from January 22 to 23.
Lola Casademunt began its international expansion in 2021 and is currently present in twenty markets through more than 1,300 points of sale. In Spain, it has 18 of its own shops, four franchise shops and 28 spaces in El Corte Inglés. Its retail network comprises some 850 multi-brand points of sale in the Iberian region.
Financially, and pending its year-end results, the company's forecast for 2022 was to reach a turnover of 27 million euros. In 2023, it aims to achieve a turnover of 45 million euros.
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