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


Lucas Bols drunk in love with Passoã

16/11/2017

Liquor manufacturer Lucas Bols’ turnover has grown 23.8 % in the first six months of its broken fiscal year, to 48.8 million euro. Aside from 0.5 %, the entire growth is thanks to liquor brand Passoã’s integration.

"Hunkemöller prepares IPO"

16/11/2017

According to financial press agency Bloomberg, investment company Carlyle Group ordered Rothschild bankers to prepare an IPO for Hunkemöller.

Italian Food-focused theme park opens in Bologna

16/11/2017

Fans of Italian cuisine have to head to Italian Bologna, where Eataly World opened, a theme park focused on Italian pasta, wine, pizza and more.

CEO Bernard Deryckere will leave Alpro

16/11/2017

Bernard Deryckere, who was the man behind Belgian dairy company Alpro’s international success, will leave the company after sixteen years. Apparently, he will leave because of differences of opinion with its new owner, Danone.

Ahold USA trials robot in Giant Food Store

15/11/2017

Ahold USA is currently trialing a robot in a Giant Food Store. Its job is to detect dangers and then ask for assistance. He can also point out empty shelves and check prices.

India is promised land for Belgian apples and pears

14/11/2017

India is turning into the promised land for Belgian fruit farmers. It is already Belgian apples’ most important non-European market and Belgian pears are also promoted throughout the country.

Back to top