Italian jewellery brand forecasts turnover of £14m by end of year.
Fope Gioielli has announced a 16% increase in growth across all markets in H1, something it is attributing to both economic and financial management, and the sales of its gold jewellery collections.
Fope said: “Despite an increase in the sales of Twin products in SilverFope, the silver and palladium alloy, launched last year and already a market success, Fope’s bestseller is the gold jewellery of the Flex’It collection, confirming the success of the company from Vicenza”.
The brand says its sales in the first six months of 2012 registered 16% growth in all markets compared with the same period of last year.
Fope has now updated its end-of-year forecasts, and hopes for a turnover value of more than €18 million (£14m).
Fope’s chief executive Diego Nardin said the international market had also been very lucrative for the company. While Fope’s Italian market registered a decrease in H1, its foreign markets were a little more upbeat, accounting for more than 70% of its total H1 sales.