GIGLIO.COM

GIGLIO.COM presents the half-year financial results for 2024, confirming its path to profitability. Despite the challenging exogenous context, the net result has improved compared to the first semester of 2023. "Despite the critical macroeconomic environment and the weak demand that has put the entire sector to the test, this semester the Company has further demonstrated its solidity. We reacted with the prudence and responsibility necessary to confirm the path to a fast break-even. We plan to intensify this path in the second half of the year while continuing to work on the growth of business volumes also through the launch of innovative projects" commented Giuseppe Giglio, CEO and Chairman.

We're thrilled to announce the launch of 𝗗𝗜𝗚𝗜𝗧𝗔𝗟 𝗚𝗔𝗧𝗘𝗪𝗔𝗬 𝗚𝗜𝗚𝗟𝗜𝗢.𝗖𝗢𝗠, a new business unit aimed at business clients to drive the digital transformation of the industry. Leveraging 𝗚𝗜𝗚𝗟𝗜𝗢.𝗖𝗢𝗠’s decades of expertise, this new organizational structure targets companies both within and outside the fashion sector, offering essential services for their digital growth. 𝗗𝗜𝗚𝗜𝗧𝗔𝗟 𝗚𝗔𝗧𝗘𝗪𝗔𝗬 𝗚𝗜𝗚𝗟𝗜𝗢.𝗖𝗢𝗠 features four operational modules: - 𝗦𝗵𝗼𝗼𝘁𝗶𝗻𝗴 𝗛𝘂𝗯: Providing digital production services for e-commerce catalogs. - 𝗖𝗿𝗲𝗮𝘁𝗶𝘃𝗲 𝗛𝘂𝗯: Positioning brands through tailor-made editorial campaigns that align with the brand’s DNA. - 𝗠𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴 𝗛𝘂𝗯: Implementing online marketing strategies with sophisticated optimization tools. - 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗛𝘂𝗯: Designing websites and technological infrastructures. Discover more on the official website >> https://lnkd.in/dsbA-u72

Giuseppe Giglio, as guest of Class CNBC Growth Italia, talked about GIGLIO.COM's strategies which led to a successful closing of 2023 with a +10% revenues compared to 2022 and exceeding 56 million euros. Watch the full interview here:

GIGLIO.COM 2023 in numbers. Discover our road to profitability through our financial KPIs and our business milestones.

We're pleased to share our full-year results for 2023, which, despite the difficult market environment, confirm a solid growth for the entire Company. With revenues exceeding 56 million euros (+10% compared to 2022 and +48% vs. 2021) and the return to positive Adjusted EBITDA during the second half of the year, GIGLIO.COM consolidated its path of growth and return to profitability already undertaken in the last past years. "2023 was shaper by a sudden and unexpected normalization of luxury demand, especially for the online channel, which put an entire industry to the test, confirming, on the other hand, the resilience of GIGLIO.COM's unique business model. The double-digit growth rates as well as a further improved profitability now close to break-even, confirm and strengthen our medium to long term ambitions", commented Giuseppe Giglio, Chairman and CEO of GIGLIO.COM. Our full result statement is available here: https://lnkd.in/dYpRNpF5

Here at GIGLIO.COM, we are proud to announce that we have been included - for the 8th consecutive year - in the prestigious FT1000, the Financial Times ranking, compiled by the German research company Statista. This ranking showcases the European companies that have grown the fastest despite the challenges of the current times. We are extremely proud to contribute to this positive message, which is a testament to our improvement-oriented strategy. See the full report here: https://lnkd.in/dy2jZ6kR

As the year is coming to an end, we want to take a moment to reflect on Vestiaire Collective’s achievements. 🔗 In 2023, we partnered with 6 new brands and retailers Gucci, Chloé, Burberry, courrèges, GIGLIO.COM and LN-CC as part of our Resale-as-a-Service program 👗 As part of our “Think First, Buy Second” campaign, we banned 30 additional fast fashion brands, including ZARA SA, MANGO as well as H&M and others… 🗽 We ramped up our US activity, and welcomed Samina Virk as CEO North America ♻️ Our 2023 Impact Report found that 82% of items sold on Vestiaire Collective replace a first-hand purchase, 17% more than in 2022 A heartfelt thank you to our dedicated team and everyone who contributed to these defining moments! Next year, we will continue to shape a better future for the fashion industry, committed to our community and the planet. #FashionResale #SustainableFashion #Circularity Fanny Moizant Sophie Hersan Maximilian Bittner

GIGLIO.COM is among the Italian growth leader companies for 2024, according to the Il Sole 24 Ore ranking. Our business continues to evolve at a steady pace and the work of the entire team is rewarded again this year by this prestigious ranking in collaboration with Statista.

On the occasion of the 36th Munich Capital Market Conference, Giuseppe Giglio, CEO & Chairman, and Vincenzo Troia, Managing Director of GIGLIO.COM will share our story of success, starting from the very beginning to the stock market listing in 2021, straight to the milestones achieved in 2023. The appointment is for November 16th, 2023 at MKK - Münchner Kapitalmarkt Konferenz

For the fifth consecutive year, GIGLIO.COM was nominated Champion of Growth by the Istituto tedesco qualità ITQF, the independent institution that certifies Italian companies that drive the economy and stand out in terms of turnover and employees. A ranking in which GIGLIO.COM is permanently present and which demonstrates the durability of the Company's growth path.