Men's fashion company Dan John ranks first in the retail rankings for growth leaders in Italy

The Dan John Group, a men's fashion company founded by Daniele Raccah and Giovanni della Rocca, which is part of the holding company R...


The Dan John Group, a men's fashion company founded by Daniele Raccah and Giovanni della Rocca, which is part of the holding company Rinah SpA, of which Hannah Raccah is the majority shareholder, is in first place in Italy in the retail ranking of Il Sole 24 Ore "Leader of growth in Italy in 2020". A survey that is carried out every year, analysing the turnover and growth rate of thousands of companies in Italy, in order to identify and give visibility to those companies that are giving a particular boost to the economic development of our country, and that investors and professionals should keep an eye on.
Although Dan John was founded at the end of 2015, in three years he has recorded an incredibly significant growth rate, while continuing to maintain the same positive trend, which is constantly improving. With over 40 years of experience in the sector, the brand has managed to place itself in the prestigious ranking of first place in the retail sector, with about 100 total single-brand stores, in Italy and abroad. The company is now a European reality, and has managed to establish itself as a reference point for elegance and men's fashion designed in Italy. Dan John is in full against the trend compared to the retail sector in recent years, which sees 20 thousand stores closed only last year and very high unemployment rate. The strength of the group is precisely that of knowing how to swim against the current, with more than 405 people hired in the last 3 years.
The group, after having ended 2018 with about 37 million Euros of revenues and expects to end 2019 with about 63 million, thus continuing the growth of the brand that expects to reach the end of the next three years to 180 million revenues. In September of this year, the internationalization plan began, with openings in Spain, where it challenges Inditex, the clothing giant that heads brands such as Zara, Bershka and Massimo Dutti, and Belgium, which will be followed by others in France, England, Germany and other European countries in the early months of 2020, and then move on to the Middle East, the USA and South America, opening about 90 new stores by 2022, reaching a total of 185, of which 100 are directly managed by the parent company. By 2025, on the other hand, Dan John is aiming for a more widespread presence in Europe and greater expansion also in non-European countries, such as the USA and the Middle East, from which a great number of requests and expressions of interest are already arriving, while continuing to strengthen his presence in Italy as well.
"To be at the top of such a prestigious ranking is a great satisfaction for us, which repays us for the hard work we have done in recent years. - Daniele Raccah, co-founder of Dan John and Sole Director of Rinah S.p.A. commented - The first 3 years of our activity, which coincide with those examined by the 'Growth Leader' initiative, have been intense, but, of course, also those that we will remember with the greatest satisfaction. We started with very few points of sale, having on our side only our wealth of know-how and a great desire to do. In a short time we were able to make our products known, which were immediately established as the top of the industry, thanks to good quality, competitive prices, market research and service.
"All this has been fundamental to emerge as a leader, despite the fact that retail is now in crisis with 20,000 companies closed only in the last year. For us, 2019 was a fundamental challenge to launch a new great goal, national and international development plans, with many new openings, Dan John growing at a glance. - Raccah continues - Behind each new opening there are months and months of study and research, to identify the most interesting markets, which can be strategic for the brand, and find the ideal locations, always elegant and in privileged positions for city shopping. Now we look to the future, with the aim of maintaining the same enthusiasm and determination, but also an increasingly positive growth trend.
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Italy USA Magazine: Men's fashion company Dan John ranks first in the retail rankings for growth leaders in Italy
Men's fashion company Dan John ranks first in the retail rankings for growth leaders in Italy
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