Italian leather goods group Piquadro has reported consolidated sales of €136.8 million for the first nine months of its 2025-26 financial year ending December 31, 2025, marking a 1.7% increase year-on-year.

Growth was driven primarily by the Lancel and The Bridge brands. Lancel posted revenues of €55.8 million, up 7.9%, while The Bridge increased sales by 4.1% to €26.6 million. By contrast, the core Piquadro brand saw revenues fall 5.1% to €54.4 million, reflecting a strategic shift away from wholesale towards higher-value direct and e-commerce channels.

Across the group, direct operated stores recorded solid growth and e-commerce sales rose sharply, while wholesale declined following the introduction of a selective distribution system in January 2025.

By geography, Italy remained the largest market, accounting for 46.3% of sales, with revenues up 2.5%. European sales increased 1.7%, while sales in the rest of the world fell 14.6%, largely due to store closures in China.

Piquadro reported an adjusted net financial position of +€15.2 million on December 31, 2025, up from +€10.2 million a year earlier. Including the impact of IFRS 16, net financial position stood at –€47.0 million.

Commenting on the results, President and CEO Marco Palmieri, said: “At Group level we are working methodically on process integration, operational discipline and financial balance, with a view to building sustainable and lasting development over time”.