We are a fashion retailer with an Italian soul, four clothing brands and a big dream to be spread worldwide. Our goal is to dress people and we do it through the brands Terranova®, Rinascimento®, Calliope® and QB24®. Each brand mirrors Teddy corporate culture and passion for creativity and beauty. We want to become an international top player in the industry, thus making our Dream come true.

We do not just manufacture products, as we also have the ability to distribute them, offering unique added value. We love doing business together with other entrepreneurs and our distribution models are developed thanks to our partners, as it proves our 60-year-long history.

Customers and their wishes have always been at the core of our actions. They are the reason for us to implement our omnichannel approach and invest increasingly more in the development of new digital channels, in-store and online services, drawing inspiration from the needs and behaviors of our customers.

2022 was an important year for our corporate group, despite all the difficulties due to the current geopolitical situation, with war in the heart of Europe caused by the Russian invasion of Ukraine, which led to global aftermaths. Food, economic and energy crises, higher inflation, an increase in the prices of natural gas and food in general. The climate change added to such a serious situation, which led to long periods of drought, with a negative impact on agricultural productions.

Despite such a challenging situation, 2022 was our best year for results. 671 million Euros: it is the highest turnover Teddy Group has ever reached.

However we are not just talking about financial success. At Teddy we have always held dear and cared for all the people who work with us and paid a special attention to sustainability. In 2022 we intensified our efforts to promote sustainability and were awarded the title “Best Managed Companies" by Deloitte.

Apparel, shoes and accessories designed by Teddy Group reach people through our four brands: Terranova®, Calliope®, Rinascimento® and QB24®.

Each one of them has its own features and styles modelled on each target market. Thanks to the 803 single-brand points of sale operating in Italy and abroad and 3 e-commerce websites operating in 32 markets, our brands reach a wide and diverse audience, meeting the needs of each customer.

Furthermore, our brands Rinascimento® e QB24® target customers also through multi-brand stores, distributing their products in over 80 countries.

We close our best year ever with a turnover totaling 671.2 million Euros, recording +24% compared to year 2021. The gross operating margin (EBITDA Adjusted) hit 79.6 million euros, further confirming the great results achieved in the year.

The growth recorded by Teddy Group is important as it exceeds the industry average rate (+18% according to the Fashion economic trends of the National Chamber for Italian Fashion) and drives us back onto a path of continuous growth, which had been halted by the COVID pandemic crisis in 2020, outperforming pre-pandemic consolidated revenues by 8.1%.

The Italian market is the one with the largest share in the total turnover, accounting for 61% of it. However, even the growth of revenues in foreign markets is still steady and brisk, recording +20.6% compared to the previous year.

We grew, Teddy family grew compared to 2021, welcoming 106 new persons, 106 dreams joining our big Dream. The 3,269 people belonging to Teddy big family in the world are located in Italy (67%), Europe (32%) and Asia (1%). We are so many, and we aim at being more and more.

Our journey to grow and develop into a new business model, future-proof, made some great steps forward even in 2022. As Teddy Group, our aim is to build an increasingly more sustainable company, improving our way of doing business to guarantee a more virtuous management, protect the environment and value people working inside and outside the corporate group.

We believe that each company and each one of us has the opportunity to do the right thing, change a small habit to make the world we all live in a better place. This is a principle we fully integrated in our business philosophy in order to achieve tangible results.

Our efforts will be focused increasingly more on the reduction of the environmental impact of any activity and process within the entire production chain, having environmental sustainability as the driving force of our corporate strategies. We work to reinvent the way in which we design our products as well as to rethink packaging, our stores and our logistics management.

Our sustainability plan “Everyone Can 2021-2025” provides for over 200 actions to reduce the environmental impact of our corporate group and acts as a guide for our future choices.

Despite the ever-greater propensity to online purchases in the latest years, brick-and-mortar stores still are a key touchpoint with our customers, essential to our brands. However, both the sales channels contribute to improve brand reputation. Therefore, Teddy launched an ambitious investment plan in the digital sector tools in order to make our brands grow more and more in Italy and abroad.

Following the upturn in consumption and the opening of new stores, we worked to implement and consolidate Teddy online presence. However, our work on digital tools is not just focused on our online presence and e-commerce platforms. The digital team of Teddy Group aims at developing new tools and platforms that may help customers to have a better experience in our stores. An increasingly more hybrid approach between physical and digital dimensions that allows the e-commerce to be in close contact with the point of sale.

Last but not least, the mobile apps that are regularly updated by our digital team in order to guarantee constant accessibility and transparency to our customers. New features are added every day to make user experience smoother and easier.

The Corporate Citizenship Scheme launched in 2022 certainly helped us to achieve the extraordinary results recorded in 2022, as it truly implemented our Sustainability Scheme. It is a project especially dear to us as it talks about the social commitment Teddy Group has always demonstrated since the time there was only one small shop in Rimini.

The actions we carry out to support the underprivileged go from the Corporate Food Drive we organize for the Italian charity Banco Alimentare to the donations to charities helping children and young people with their training and study needs. In 2022 we managed to promote two Food Drives within the company, involving also the points of sales, besides our offices; thanks to the call “Teddy sostiene chi ti sta a cuore” (“Teddy support the ones you care for”), we contributed with donations to 10 volunteer organizations selected among those suggested by our own collaborators. Throughout 2022 we organized 4 volunteering and charity events in which people working at Teddy were directly involved.

However, that is not the end of our scheme. Besides the activities involving our employees, Teddy Group implement a set of direct actions to support the underprivileged through donations to charitable organizations. Over the years we have helped over 7,000 young people and children thanks to the 6 projects we support in the fields of education and training.

One of the key points of our Dream is to “[…] use, every year, a part of the net profits to help weaker people, thanks to charities operating in Italy and abroad”, which is what we try to do better and better every year.

Even though this was one of the best years in our history, our Dream wishes to become bigger: we wish to create a sound company, lasting 500 years and always caring for the people, the community and the environment around it. Because, as one of our collaborators recently said during one of our corporate meetings, “The best is yet to come. That’s a promise”. It is a promise made to us who work at Teddy, to our business partners who collaborate with us, to the customers of our brands.

So, when looking at the positive figures of the first semester of this year, we know we will keep on investing: in the development of our brands, as to make them loved by customers more and more and reach always new ones, in an digital omni-channel culture with an online and offline distribution network, in an increasingly more sustainable business, implementing our strategic plan for sustainability 2021-2025 “Everyone Can”.