Saturday, February 4, 2023

Canada House grows 6% in 2022 and lands in France with franchisees

Canada House moves forward and looks abroad. The Spanish children’s fashion company controlled by the Talaman group has closed 2022 increasing its sales by 6% compared to the previous year, as explained to Modes by the company’s commercial manager, Ignacio Alonso. Following the results, the company will begin a new phase of development with a store in France.

Overseas, Canada House’s growth in 2022 was more notable, up 15% in the multi-brand channel. According to the latest figures available, Canada House was projected to have a turnover of ten million euros in 2021.

For this year, the company’s plans included entering Slovakia, Sweden, the Czech Republic and Mexico. Now, the company is finalizing its entry into France with the help of a franchisee partner, with whom it plans to open two single-brand stores before looking to open more in the coming months. The company is also looking to start operations in Saudi Arabia through a distributor with whom talks have already started.

in the national market, The company is expected to double its store network this year, which currently stands at over fifty establishments, Before starting its expansion, the company made an adjustment, closing less profitable franchise stores and corners. In the coming months, Canada House will make five to seven openings and focus outside Catalonia, where the bulk of its retail network is concentrated.

During the first week of 2023, the company has increased its revenue by 13% And one year expects good performance, despite the fact that during the autumn-winter campaign, sales fell due to the increase in prices, which the company did to protect its margins from increased costs.

Canada House Store Int Logo 980X500

Canada House dates back to 1953. Endurance Partners Fund rescued the company from the courts in 2013, a few months after it filed for bankruptcy. In February 2020, the brand became part of the portfolio of the Catalan group Nath, which specialized in supplies, for an amount that was not disclosed.

Nine months later, in November of that year, Talaman, which works with brands such as Katuko or Toboggan, acquired the production unit of Canada House through the company Gara TextileWith which the group channels its retail business, which includes the entire production unit of Canada House, currently dealing with the company CH Child BCN.

The Talman Group, based in Barcelona, ​​remains in the hands of the founding Raurich family., In addition to Gara Textil, the company operates with another subsidiary, Little Fashion, which is also dedicated to the retail clothing business.

Nation World News Desk
Nation World News Desk
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