FNG Group has had an excellent fiscal year | RetailDetail

FNG Group has had an excellent fiscal year

FNG Group has had an excellent fiscal year

FNG Group, which owns brands like Fred & Ginger, CKS and Claudia Sträter, has released its full fiscal year numbers (up until 31 March 2014) and these show a significant growth.

Expresso purchase spurs growth

FNG Group's operational turnover has grown a little over 60 % to 150 million euro, while its EBITDA also grew nearly 50 % to 22 million euro mostly thanks to the Expresso brand acquisition and because it has increased its number of stores. Its like-for-like turnover growth reached 12 %.

 

The company has increased its number of stores (spread across 6 formulas) from 102 to 131 stores in a year's time, while it still has tens of store openings planned in the coming months.

 

Tim Van Steenbergen collaboration

Aside from its fiscal numbers, FNG Group has also announced the creation of a creative platform to give both young and experienced designers a chance to create a collection for the company. The first designer to collaborate is Tim Van Steenbergen.

 

"Thanks to the scale advantage our brands create in production, logistics and distribution, we are able to support a designer platform, to help bring their story to a wider audience. This will also give Belgian fashion more opportunities. We can combine Tim's design talent and his pronounced handwriting with our organization's vigor", managing director Dieter Penninck said about the platform.

Questions or comments? Please feel free to contact the editors


Analysis: six reasons major brands are under pressure

17/05/2018

Global brands are increasingly struggling to ward off smaller, local companies. Some even believe the brands’ golden age has passed. That may be presumptuous, but there are some noticeable trends.

Coca-Cola is still strongest global brands, but local brands are on the rise

17/05/2018

Coca-Cola, Colgate and Maggi are the most popular FMCG brands worldwide, according to a Kantar Worldpanel report. Local brands are stealing market share however.

HelloFresh increases turnover forecast

14/05/2018

Mealbox delivery service HelloFresh has increased its 2018 forecast: the German company now expects a 35 % growth, up from its previous 30 % increase forecast. Positive results in the United States, which has become the company’s main market, were the main reason for its adjustment.

Brussels bio chain Färm keeps expanding

14/05/2018

Färm, a bio store chain from Brussels, is supporting a planned expansion with a crowd funding campaign. The chain aims to open its biggest store so far in the North of the European capital, extending its services with a bakery in the store. 

More profit from smaller volumes for AB InBev

09/05/2018

Despite AB InBev’s beer sales dropping 0.2 % in the first quarter, the Belgian-Brazilian beer giant did generate a turnover increase and a gross profit above expectations.

Ahold Delhaize mainly grows online

09/05/2018

Belgian-Dutch merger group Ahold Delhaize has had a decent first quarter, thanks to a Belgian turnaround, a good performance in the United States and strong online growth. Unfavourable exchange rates did spoil the party somewhat.