The wholesale structure covers more than 130 countries, with directly controlled operations in over 40 major markets. It has 24 logistics centers and 30 commercial branches providing direct presence in the most important markets.
The Wholesale division posted full-year sales of Euro 1,955.3 million, down by 6.6% at current exchange rates and by 6.8% at constant exchange rates.
After a difficult first quarter due to heavy destocking, the division’s results began to reflect stabilization in many markets.
Successful commercial measures like STARS and continuing strong performance by the Ray-Ban and Oakley brands allowed the division to register an improving trend throughout the year.