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Luxenter surpass the expansion goals set for 2017

The jewellery brand closes the fiscal year with a revenue growth of 25% and an increased of 44% in the number of stores.

Luxenter, the Spanish jewellery Brand, has doubled its expansion expectations set for 2017 with the opening of 16 new stores (14 franchises and 2 own stores) increasing 44% the number of points of sale compared with the previous year.

Among these new openings it should be noted the inauguration of the first store in the Caribbean, more specifically in Blue Mall Commercial Centre of Punta Cana, in Dominican Republic, as well as the commercial agreement to begin to distribute at Falabella department store which means the entrance of Luxenter in Colombia.


The investment for this points of sale expansion has cost 1.600.000 euros, an investment that is estimated to recover in the next three years with a editda close to 30% in openings inside commercial centres.

With this new openings Luxenter reassures its goal of democratizing jewellery by bringing it to the mass audience through its 90 Corte Ingles department store corners, more that 800 multibrand stores in Spain and a growing distribution network abroad.

Luxenter, based in Madrid, currently has 75 employees in the head offices and 60 people as sales assistant between corners and own stores and will close 2017 with a revenue growth of 25%.

Fort he next year Luxenter plans the opening of 10 new stores in Spain and 2 abroad (Puerto Rico and Colombia). The revenue growth is expected to be similar to 2017 build on the openings during the year as well as the new ones which will take place during 2018.

 






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