Italian beauty brand Kiko Milano delivered a remarkable performance in 2022 with an increase of 42% to €671 million ($732.55 million) in net revenue. The company aims to achieve net revenues of € 1.250 billion ($ 1.365 billion) by the end of 2027.
Kiko Milano, the Italian beauty brand, reported a 42% increase in net revenue to 671 million euros in 2022 compared to 2021, and a 14% increase in 2019. All business segments and geographic areas have contributed to the company’s outperformance.
The CEO of Kiko Milano, Simone Dominici, credited the transformation from a regional makeup store chain to a global beauty brand in over 60 countries for its strong performance. “Kiko Milano’s 2022 results were the best, beating all records of the main economic-financial indicators before the pandemic, thanks to the transformation from a chain of mainly regional make-up stores to a global beauty brand present in more than 60 countries.” Simone Dominici said.
