Bimba y Lola increases its sales abroad and invests in Vigo and Mos

Bimba y Lola increased its sales by 6.5 percent in the first half of the year thanks, above all, to the international market after entering the markets of China, Thailand and Argentina. The fashion firm from Vigo is present in 45 countries -between physical and online stores- that contribute almost half of the group’s turnover. Regarding sales channels, the company continued the good recovery of activity in stores with growth of 14% over last year, while the digital channel moderated its contribution and represented 17 percent of total revenue.

Along with its expansion plan abroad, the company is carrying out several investment projects in Vigo, with the future headquarters, and the macro logistics center it has in Mos. The company plans to have the new operational headquarters in 2023. It will be located in a warehouse located at number 133 Avenida de Madrid and it already has an urban planning license for the work. The fashion firm from Vigo manages an investment of more than 4.7 million euros to refurbish the warehouse. The property, which currently has a surface area of ​​9,270 square metres, including a semi-basement, two mezzanines and a high floor, will occupy 9,768.21 square meters after the completion of the reform, according to the planning license granted by the municipal government .

Bimba y Lola recorded a net profit of 15.7 million euros in its fiscal year 2021, which is 413 percent more than in 2020, when the coronavirus crisis impacted most companies in the sector. At the end of the year it had 271 points of sale in twenty countries and its plans to enter the Russian market were paralyzed by the war.

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