Spanish sneaker brand Munich has registered a 40 percent sales increase for 2022, La Vanguardia has reported. Revenues for the full year 2022 reached €74.3 million, primarily driven by padel (+52 percent), domestic sales (+35 percent) and strong international sales.
Munich was founded in 1939 by Luís Berneda in Sant Boi de Llobregat, near Barcelona. Berneda was indeed the initial name of the brand, modified to Munich in 1964. Spain accounts for 50 percent of Munich’s sales, followed by Italy, Netherlands and Brazil.
