Fashion conscious: Model Hailey Bieber
Carrie Bradshaw’s favourite high heel designer has posted a slump in sales as the storm clouds hanging over the luxury goods industry continue to darken.
Manolo Blahnik – worn by Sarah Jessica Parker’s character in Sex And The City and model Hailey Bieber – revealed sales hit £91.2m in 2023.
That was down 10 per cent from the year before.
Profits also tumbled by a third to £13.2m.
The brand is suffering from the downturn in high-end fashion spending, driven by weak performance in the US and China.
But the company, created by the eponymous designer in 1972, described the results as ‘robust’.
Boss Kristina Blahnik, Manolo’s niece, said: ‘Our performance came off the back of an extraordinary year of sales and consumer demand in 2022.’
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