CEO Of Desigual Leaves Office

Manel Jadraque is the meritorious executive of the Spanish fast fashion brand Desigual, serving the brand for 10 years and helping the brand enter the US market successfully.

Desigual, Spain's high street brand, announced its departure from Manel Jadraque, the chief executive of the group in 2012. Its founder and President Thomas Meyer will take over the position, but Manel Jadraque still holds a board position.

According to the annual report released at the end of Desigual 3, the company recorded a 963 million 500 thousand euro income in 2014, up 17.5% from 820 million in the same period last year, which is higher than the 8.3% increase of its rival Inditex SA (ITX.MC).

In the 2014 fiscal year, Desigual net profit was 135 million euros, up 3% over the same period last year.

14%; EBITDA increased by 8% to 261 million 500 thousand euros.

At present, Spain is still the main Desigual.

It accounts for 20%, but Desigual is expanding rapidly in the US and Japan. The Japanese market increased by 23% in 2014. In the Chinese market, Desigual has opened Tmall Tmall flagship store in August 2014.

Desigual currently has 526 stores in 109 countries and regions.

Although with

The annual turnover of the parent company Inditex SA is more than 18 billion euros, but the Desigual created by Swiss designer Thomas Meyer has been in a high growth state in the past 10 years. From 2002 to 2009, it maintained a high growth of 60% to 250 million euros, and 2010 income increased by 76% to 440 million euros. In 2013, the euro 820 million euro was almost 1 times larger than that of four years ago.

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