8 357
Fashion Jobs
SHINE
Senior Account Manager - Paid Search
Permanent · CHENNAI
SHINE
Social Media & Ecommerce Manager
Permanent · HYDERABAD
BENCHMARK SERVICES
Area Sales Manager - Sme Lap With Top Nbfc Company
Permanent · AHMEDABAD
GENIUS CONSULTANTS
Opening For Territory Sales Manager OR Area Business Manager
Permanent · NASHIK
TALISMAN HR SOLUTIONS
Area Sales Manager (Transportation & Logistics Company)
Permanent · AHMEDABAD
AUXIN RECRUITMENT CONSULTANTS
Area Sales Manager | Lap | Hyderabad
Permanent · HYDERABAD
BERGER PAINTS
Area Sales Manager Wood Coating
Permanent · ROHTAK
360 REALTORS
Hiring -Team Leader/ Sales Manager / Relationship Manager| Pune
Permanent · PUNE
LEVI'S
Senior Supply Planner
Permanent · BENGALURU
ADIDAS
Manager -Tech Infrastructure
Permanent · CHENNAI
ADIDAS
Senior Specialist - Finance Operations FP&A
Permanent · CHENNAI
ADIDAS
sr. Manager Merchandising Ecommerce - em Hub
Permanent · GURUGRAM
ADIDAS
sr. Manager- DPC Partner Program
Permanent · GURUGRAM
L'OREAL GROUP
Online Brand Manager
Permanent · MUMBAI
L'OREAL GROUP
Retail And Education Manager - Ysl
Permanent · MUMBAI
JCPENNEY
Senior Manager
Permanent · BENGALURU
DAMYAA PJ FOODS
Area Sales Manager/Regional Sales Manager
Permanent · ROHTAK
ON TIME SOLUTIONS
Branded Fmcg Company Opening For Area Sales Manager in North Kerala
Permanent ·
HECTOR AND STREAK CONSULTING
Sales Engineer / am / Manager - Ups
Permanent · MUMBAI
HDFC LIFE
Hiring For Associate Area Manager-Abp Channel
Permanent ·
SAHAJ PHARMA
Production in Charge - (Synthetic Iron Oxide Pigment)
Permanent · DAHEJ
STONELAM SURFACES LLP
Area Sales Manager- Project Sales
Permanent · CHENNAI
Published
Sep 1, 2014
Download
Download the article
Print
Text size

Van de Velde: earnings burdened by Intimacy

Published
Sep 1, 2014

Having announced a rising consolidate turnover in early July, Van de Velde published more nuanced results in late August. The Belgian lingerie company announced that its consolidated turnover has increased by 10.3% (107 million euros), or 9.4% on a comparable basis (excluding early deliveries for autumn-winter 14). While its brands (PrimaDonna, Andres Sarda, Marie Jo) and its European retailer Rigby & Peller performed well, the poor performance of its American chain Intimacy has weighed on the group’s results.

PrimaDonna fall-winter 14-15.


With a 22.7% fall in turnover for Intimacy (sixteen stores in the United States), the value of the retail chain has declined. These numbers have burdened the company’s overall profits in the first half. Excluding the exceptional negative impact of Intimacy, the company’s EBITDA rose to 32.3 million euros, an increase of 19.2%. Recurring profits, meanwhile, rose from 19.9 million to 21.3 million euros. But taking into account the negative results of the chain, profits have tumbled by 75%.

For the second half and the fall-winter 14 season, the group is optimistic and expects a further increase in its turnover, but lower than the first half, as the spring-summer 14 was boosted by the launch of the swimwear line PrimaDonna. REBITDA is also expected to continue in a positive direction, but the group has not commented on the performance of Intimacy and its possible impact during the second half of the year.

Copyright © 2024 FashionNetwork.com All rights reserved.