MILAN — Turning 70 this year, the Miroglio Group is taking stock of its 11 fashion brands, 1,188 stores, four manufacturing plants, 5,500 employees and presence in 34 countries — but is by no means looking back.
“Innovation is our tradition — this is our claim, our attitude for the future and central to our evolution,” said president Giuseppe Miroglio, who is a member of the fourth generation of the family leading the group, together with his siblings Elena, vice president; and Elisa, president of the Foundation Elena e Gabriella Miroglio. Together, they hold 70 percent of the company’s shares, while the rest is owned by a group of cousins.
The group, which controls two divisions, Miroglio Fashion and Miroglio Textile, closed 2016 with sales of 622 million euros. In the first quarter this year, the company has seen an 18 percent uptick in revenues.
Miroglio Fashion includes brands ranging from Motivi and Oltre to Caractère as well as the Elena Mirò and Fiorella Rubino targeting the curvy customer. The apparel division accounts for 82 percent of total sales of 513 million euros.
Last fall, Miroglio tapped former Coca-Cola Company, Timex and Fiat Chrysler Automobiles executive Hans Hoegstedt as the fashion division’s new chief
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