With more than 20 years in the textile logistics market, Logisfashion has closed 2021 with a turnover of 100 million euros. This supposes a growth of 55% over the previous year, exceeding all expectations for last year. In this way, the Spanish multinational reaffirms its recovery after the last years of the pandemic and lays the foundations for a 2022 of greater growth.
According to the data presented by the company, its european subsidiary remains the main front of the business with a weight of 63% of your turnover. The company’s objective is boost the weight of international business, since in the Latin American market they have had a remarkable growth with their subsidiaries in Mexico, Chile and Panama. In fact, this last country has become the second most representative subsidiary of the company with a turnover of 14 million euros. They are followed by Mexico and Chile, which invoiced 8.6 and 5 million euros, respectively.
History of Logisfashion: A continuous growth within the textile and fashion logistics
Founded in 1997 in a 1,800 m² warehouse in Barcelona, Logisfashion is a company with extensive experience in the world of textile logistics. It always maintained a growth trend hand in hand with the most relevant textile agents on the Spanish scene.
In the year 2002 consolidated its expansion within the territory thanks to an agreement with the brand Burberry and inaugurated his second warehouse in Catalonia, of 4,500 m². From that moment on, the evolution was continuous, expanding its scope within the national territory and launching into international markets such as Germany, Mexico, Chile, Colombia, Panama, Uruguayamong others.
For 2016, the logistics multinational already had a workload of 300,000 garments daily, only in its Spanish subsidiary. Among its brands, names such as Tommy HilfigerThe Pearl, CH Carolina HerreraTous, Salvatore Ferragamo, Steve Madden, Nine West, Vans, The GooseHackett, Levis, amazon and Pepe Jeans.
At that time, Logisfashion also positioned itself as a known air shipper, after obtaining the AVSEC-KC certified (a recognition of the Spanish State Aviation Safety Agency, which enables the transfer of merchandise abroad by air transport). This represented an exponential improvement of its business model, allowing it to save links within the supply chain and offer a smoother shopping experience For your customers.
Alliance with Ibercóndor and expansion of services
Following the idea of offering a better service for its customers, in 2017 Logisfashion made one of his main alliances with Ibercondor, a company specialized in international logistics. With this step, the textile transport company was able to strengthen its position in international markets and presented a comprehensive logistics servicewith which it sought to guarantee a simpler and more direct experience for its customers.
From the union of both companies, the handling of merchandise and the logistics process was completely in your hands, including quality controls from the point of origin, packaging of goods, transport, etc. This offered the opportunity to integrate last mile deliveriesa more direct level of interaction with customers and that can contribute to the growth and loyalty of the business.
Towards a 2022 of growth and projection
The global pandemic dealt a heavy blow to the logistics industry, especially at its inception. However, with the rise of eCommerce in the sector fashionrecovery has been possible and Logisfashion has not been left behind in this process.
As we explained earlier, the company managed to boost its revenues in 2021, exceeding any forecast made. One of the influencing factors in this process was the diversification of his business, which started several years ago. Now, for example, among the verticals of its clients they have incorporated forwarding, customs and last mile procedures. Similarly, the Panamanian affiliate got a jump with the buy from local logistics Supreme Overseas, increasing its growth within this market.
This explains it John Manzanedo, CEO of Logisfashion: “These growth results both at the Group level and by subsidiaries reflect the correct execution during the past year of our end-to-end value proposition, the commitment to growth in new vertical services, the diversification of the range of clients or the inorganic growth through the acquisition of Supreme Overseas in Panama”.
With these results in view, the company expects to achieve a turnover of €126 million in 2022, driven mainly by growth in its Latin American markets. In this way, they estimate income close to the 10, 11 and 17 million euros, respectively, in its subsidiaries in Chile, Mexico and Panama.
Image:
Stay informed of the most relevant news on our news channel
Facebook Comments
Disqus