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Jan 13, 2023
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Scalpers closes 2022 with turnover of 152 million euros

Translated by
Jan 13, 2023

The Spanish fashion brand keeps on growing. After registering a 50% growth in sales to 110 million euros in 2021, far exceeding the 83 million euros of turnover that the brand recorded before the pandemic, Scalpers has increased its revenues to 152 million euros. Ebitda is also above 16% of sales, representing more than 24 million euros.

Scalpers Woman sales already account for 21% of total turnover - Scalpers

Meanwhile, the online channel has registered 26% growth, compared to last year and already represents 22% of total sales. Currently, the brand operates its own international website and sells its products on various renowned marketplaces such as Zalando, Asos, El Corte Inglés, La Redoute, About You and Trendyol. In parallel, since launching its multi-brand e-commerce at the beginning of 2021, the company has been selling almost 100 brands on its Spanish website, such as Bash, Bellerose and America Vintage.

Originally founded as a men's fashion brand, Scalpers now offers kidswear and womenswear. According to the company, the Scalpers woman division "continues to achieve growth rates well above the market."

Last year, the line launched in 2018 accounted for 21% of the brand's turnover (31.9 million euros) and already has 67 of its own points-of-sale. At the end of 2022, the women's line opened a new shop of its own on Avenida Diagonal in Barcelona.

Scalpers operates globally through a retail network of 284 points-of-sale across five countries, including its own shops and its corners in El Corte Inglés and El Palacio del Hierro in Mexico. The brand, which last spring suspended the sale of its business due to global economic uncertainty, directly employs more than 1,400 people.

Expected growth in Portugal, Mexico and Chile 

According to the company founded in 2007 in Seville, the current financial year presents "good expectations both in Spain and in the international market". Looking forward, the company intends to focus its growth in Portugal, a market in which it operates with 14 points-of-sale and where it has registered a growth of 102% in 2022. The company's main priorities include expanding in Mexico and Chile, where it has a business growth rate of 69% and 44%, respectively. Scalpers already operates through 20 points-of-sale in Mexico. 

The firm also "hopes to establish itself in Europe" by "signing alliances with international partners" in Germany, France, the Netherlands and Belgium.

Jaime Bergel and Pedro Sainz de Baranda currently own 70% of the company's capital. The investors entered the company's shareholding in 2014 and, in 2017, they acquired the shares of three of the company's founding partners: Alberto Artacho, Marcos Ybarra and Laura Vecino, wife of former Inditex executive Rafael Medina. Meanwhile, 20% of the company's shares are in the hands of Borja Vázquez and Alfonso Vivancos, also founders of the brand, while the remaining 10% is in the hands of the Phoenix Group and other minority shareholders.

The Scalpers Group comprises its namesake brand as well as the footwear brand Mim Shoes, the bridal fashion brand Victoria and, since 2018, the conglomerate has owned a majority stake in the fashion brand Jorge Vázquez.

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