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Lugano Gains Momentum in Luxury Market - Orange County Business Journal

Summary by ocbj.com
Luxury jeweler Lugano has become the star unit since it was acquired in 2021 by parent company Compass Diversified. The high-end Newport Beach retailer reported 2024 sales jumped 53% to $471 million; its sales have more than doubled in the past two years. Its operating income last year climbed 83% to $183.2 million. Lugano’s profit has more than tripled from $53 million reported in 2022.­ “Lugano continues to post exceptional results with annual…
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Lugano Gains Momentum in Luxury Market - Orange County Business Journal

Luxury jeweler Lugano has become the star unit since it was acquired in 2021 by parent company Compass Diversified. The high-end Newport Beach retailer reported 2024 sales jumped 53% to $471 million; its sales have more than doubled in the past two years. Its operating income last year climbed 83% to $183.2 million. Lugano’s profit has more than tripled from $53 million reported in 2022.­ “Lugano continues to post exceptional results with annual…

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ocbj.com broke the news in on Monday, March 31, 2025.
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