Belgian fashion house FNG Group has had an excellent fiscal year: turnover grew 70 % and surpassed the 250 million euro mark for the first time. Profits also grew a lot.
Expand the Dutch brands
The consolidated turnover for FNG Group, which owns brands like Fred & Ginger and Steps, reached 254 million euro (+ 69.3 %), while EBITDA also received a powerful boost, up 25.6 % to 27.5 million euro.
There was a 12.6 % organic turnover growth, thanks to the expansion of the Dutch brands in Belgium and the further expansion of its omnichannel approach. The remaining growth was mainly thanks to the Steps and Superstar acquisitions. Over the next few months, FNG Group will mostly concentrate on expanding its Dutch brands even more in Belgium and to finish up its new formulas: F.R.E.D. and GINGER.
FNG Group currently has 365 stores of its own (119 in Belgium, 233 in the Netherlands) and it is also available in more than 2,500 Western European stores.