Belgian fashion brand Xandres is back on track: in the 2024-2025 financial year, it achieved a 5.7 % increase in turnover to 36.1 million euros. For the first time since its acquisition by Damartex in 2017, Xandres managed to turn a profit. This gives the company the confidence to aim for expansion again.
Saturation in Belgium
For the current financial year 2025-2026, Xandres expects another turnover growth of around 5 %, coupled with a further strengthening of profitability. The brand says it is gradually reaching saturation point on its home market: both the number of its own stores and retail partners has reached its ceiling. Growth must therefore increasingly come from international expansion. Although the fashion industry is under pressure, Xandres continues to believe in the strong reputation of Belgian fashion to enable that growth, the company says.
