Renowned jeweller Monica Vinader is on cloud nine as its international revenues reach new heights. The Norfolk-based company recently announced a remarkable 20% surge in revenues, attributing this phenomenal growth to its expanding retail network and strong demand from wholesale clients in the lucrative markets of the US and Korea.
Monica Vinader, celebrated for its ‘accessible luxury’ designs, has firmly secured its place as a go-to brand for not only everyday customers but also A-list celebrities like Olivia Palermo, Claire Foy, and Kate Winslet, as well as royalty including the Duchess of Cambridge and Princess Beatrice of York.
Having been established a decade ago, the brand has experienced rapid expansion. In the last year alone, Monica Vinader has unveiled new stores in Covent Garden and Bicester Village, with further locations in cosmopolitan cities like Hong Kong, Singapore, and London following suit. The brand’s wholesale division is also flourishing, with substantial growth stemming from sales to top-tier North American department stores and a franchise partner in South Korea.
The brand’s impressive financial performance speaks volumes about its success, with a profit before tax of £1.5 million recorded for the previous fiscal year – a significant leap from the £0.3 million profit reported a year earlier. Group Ebitda saw a marked rise to £3.3 million, up by £1.7 million compared to the previous year.
Monica Vinader, the visionary founder and CEO of the brand, expressed her joy at the continued expansion. She said, “We are thrilled to have achieved yet another year of remarkable growth across all regions. As we celebrate our 10th anniversary this year, our team’s dedication and the brand’s ambitions remain as strong as ever. We eagerly anticipate introducing our distinctive, modern pieces to even more customers worldwide.”
With the target of reaching sales of £50 million this year, Monica Vinader’s future appears luminous as it forges ahead with its global expansion plans and mesmerizes customers with its chic and contemporary jewelry creations.
To learn more about Monica Vinader’s stunning jewelry collections and latest updates, you can visit their official website here. For exclusive offers and behind-the-scenes insights, follow Monica Vinader on Instagram here.
