Bottega Veneta’s store opening at Soho Mall, the heart of Panama City, provides a strategic brand positioning that enables the direct reach to customers in the ideal location.
Being the third store within the LATAM region, Bottega Veneta Panama will deliver its exclusive Italian fine products to clients living or traveling around the area. Besides the store located in the Miami Design District and Hawaii, the Bottega Veneta Panama store is the third one in the world with the new design. This store is the resemblance of Bottega Veneta’s lifestyle as a true luxury brand committed to offering exceptional products, impeccable service and a memorable shopping experience.
ABOUT MATTHIEU BLAZY
Matthieu Blazy graduated the prestigious L'École Nationale Supérieure des Arts Visuels de La Cambre (ENSAV) in 2007 and began his fashion career at Raf Simons, before heading over to Maison Margiela to design the "Artisanal" line and ready-to-wear show. In 2014, Blazy signed on as Senior Designer at Celine before leaving to work under Simons again at Calvin Klein from 2016 to 2019 as VP of design for womenswear and menswear. In 2020, he was appointed as design director of Bottega Veneta and achieving in 2021 the role of Creative Director.
BOTTEGA VENETAS 2021 FINANCIALS
According to Kering´s 2021 Press release, Bottega Veneta achieved a very healthy growth across all distribution channels generating a revenue exceeding €1.5 billion. On top of a high comparison base in 2020, revenue grew 24% as reported and 25% on a comparable basis, and was up 32% on a comparable basis relative to 2019. Sales from directly operated stores were very strong, up 29% year-on-year on a comparable basis and wholesale revenue was up 16% year-on-year on a comparable basis. Bottega Veneta’s 2021 recurring operating income totaled €286 million, and its recurring operating margin rose to 19.1%.