SSI 2025 profit down 47.5% on sluggish consumer demand

MANILA, Philippines — Tantoco-led retailer SSI Group Inc. saw its net income fall 47.5 percent to P1.32 billion in 2025, amid weaker margins and higher operating costs. In its annual report, SSI Group — distributor of such high-end brands as Hermes, Bottega Veneta, Cartier, Givenchy and Burberry —  said that for the fourth quarter alone, net