Van de Velde is investing in yet another retail chain from its sector, this time eyeing the Chinese market.The Belgian lingerie group has just entered a joint-venture partnership with Hong Kong-based Private Shop.
Van de Velde started 2011 with positive results for the first half of the year, reporting a turnover growth of 7% on a comparable basis with 2010. However, the lingerie group saw a slight decrease in its net income, w...
Belgian luxury bra and knickers maker Van de Velde NV said sales growth in 2009 beat its expectations and added that as far as it could tell the first half of the current year would see a broadly similar increase.
Belgian luxury lingerie retailer Van de Velde said revenues would grow up to 4 percent in 2009 from last year's 133 million euros ($198 million) and continue to grow year on year in the first half of 2010.