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Piquadro Group Annual Review 2026

Summary of my Portfolio as of Q4 2025.

Summary of my Portfolio as of Q4 2024.

Piquadro is a luxury Italian leather company operating under three brands Piquadro, The Bridge and Lancel. The company designs and partially manufactures its own goods while selling directly in its own stores and wholesale. The company is trading cheaply, has doubled revenue in the last 6 years  and has high insider ownership still being run by its founder.

I purchased Frontier Development last year off the back of a return to higher profitability in 2025 as the company was having a bad 2023 due to high development costs and the overall downturn in the video game market. I also assumed revenue would be flat to 2025 as the release of new titles and sticky back catalog sales would keep sales flat. And overall I thought the stock was cheap at £3.41 a share.