A Bulgarian fashion house marks a 112% growth of income despite crisis
Despite the international financial and economical crisis, which already affects the Bulgarian fashion market, the Bulgarian fashion house Ariston S marked a record-setting growth of income of over 100%.
In 2008, the income of the company from the four fashion brands – Ariston S, Asmove, As Fashion For Living and Bobo Zander – reached 5 836 000 leva, which is a growth of 112% compared to 2007.
For the same period, the company increased their market network with 14 new shops and increased the number of their employees with 58, mainly in the marketing and product development sectors. At the end of 2008, the number of employees of the company reached 642. The fashion house offers their products through over 40 establishments in Bulgaria and in Europe.
“We are proud of our accomplishments – in just five years, we managed to establish four successful fashion brands in Bulgaria. The results are evident – for each of the last five years, the income from the fashion brands of Ariston S grows with over 100% on an annual basis. We are happy that the Bulgarian woman likes the fashion that Ariston S creates for her”, commented Nikolay Sinabov, chief executive of Ariston S.