It represents the brand's turnover from the sales of finished goods through all of the distribution channels - retail, wholesale and e-commerce, after the deduction of returns, allowances for damaged or missing goods and any discounts allowed.
Also known as ROS - Return on Sales, it measures the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted. The figure is about the latest fiscal year available.
|in Thousands of EUR||2019||2018||Δ |
It's a measure of a company's overall profitability, i.e. how much of its sales are converting to profit. The value given is the amount of sales needed to generate one currency unit of post tax profit. Negative values mean that the company has a negative level of post tax profit. The figure is about the latest fiscal year available.
It's a key measure of success. The profit ratio measures the amount of profit generated by each single currency unit of sales. The figure is about the latest fiscal year available.
|in Millions of EUR||2020||2019||Δ |
|Cost of Sales|
|in Millions of EUR||2020||2019||Δ |
|United States of America|
The first question: how to say Loewe? The answer is “low-ay-ve”, the name of a company whose founding date, 1846, marks it out as one of the oldest purveyors of luxury leather goods in the world.
But before we talk of the superb craftsmanship which can be traced back to the 8th century when Spanish Córdoba leather was first prized by the crowned heads of Europe, before we talk about unique napa as soft as velvet, or even of today's artisans who are so skilled they can make super-soft unlined bags where the interior is as perfect as the exterior, we should speak of Spain.
Spain, and especially Madrid, the stately yet lively capital, is deep in Loewe's soul. Spain is perhaps unique in Europe in that it is still what it was; for while resolutely international and innovative with its chefs, architects and Oscar-winning movie stars, the country's authenticity remains intense and alive.
Modern Madrileños may no longer wear the lace mantillas of their grandmothers or (often) dance flamenco, yet a noble grace remains among those who hold on to their traditions with a fierce pride while embracing the freedom to do whatever they please.
In 1996, the world's leading international luxury goods group, LVMH, acquires Loewe, following an international distribution agreement first struck in 1985. This facilitates both global expansion and protects an exceptional company for the future. Leather bags leather and suede garments of a quality few can hope to match, desireable small leather goods, as well as silk scarves and ties continue to be the pillars of Loewe. In 1997, American, Narciso Rodríguez is hired to create Loewe's ready-to-wear. From 2003 to 2007, this is the role of the Belgian, José Enrique Oña Selfa.
In 2008, Stuart Vevers is named Creative Director. A new dawn is signalled with easy bags that are relaxed yet luxurious to touch, while Vevers also goes back to the soul of the eternal Amazona and modifies it with a light hand, adding such modern essentials as pockets for cellphone and wallet.
A trench coat of astonishing lightness signals an ongoing dedication to Loewe’s supreme mastery as a leather maker combining tradition, innovation and excellence.
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