R&S Retail targets 500 million euro turnover

R&S Retail targets 500 million euro turnover

Over the next few years, R&S Retail wants to generate a 500 million euro turnover at least, a statement made when it published its pro forma results for the 12-month period leading up to 1 July, with a 475 million euro turnover.

Invest 50 million into Brantano

Over that same period, R&S Retail managed a 30.7 million euro EBITDA, while it will invest about 50 million into shoe store chain Brantano's update thanks to a new store formula.

 

Following the merger with Belgian FNG, it is also hard at work to optimize its company structure, with the aim of a 10 to 15 % profit based on its total turnover.

 

Finally, new investors will hand the company 25 million euro to increase its capital and in return, another 15.6 million shares will be created.