Lingerie manufacturer Van de Velde's six-month turnover grows

Lingerie manufacturer Van de Velde's six-month turnover grows

Lingerie manufacturer Van de Velde's consolidated turnover has grown 6 % in the first six months of the current year. The like-for-like turnover has even grown 8.2 % for the owner of brands like Marie Jo and Prima Donna.

113.4 million euro in first six months

The lingerie group has had an excellent first six months: the wholesale turnover grew 8.2 %, with all branches experiencing turnover growth. "Pre-orders for the second half of the year are also showing an increase compared to the same period last year", the company said from its main office in Schellebelle.

 

Its own retail branch also performed well: its European like-for-like turnover grew 3.8 %, mostly thanks to Germany (+ 16.7 %) and the Netherlands (+ 9.7 %). Even its American branch performed better: retail turnover grew 16.9 % when considered in euro. The struggling Intimacy brand is still dealing with lower turnover numbers (in dollars): - 4.7 % (- 10.3 % on a like-for-like basis).

 

The full 6-months results will be divulged on 28 August.

Questions or comments? Please feel free to contact the editors


EU guidelines on food donation helpful to reducing food waste

20/10/2017

(Content provided by EuroCommerce) The European Commission adopted yesterday on the World Food Day, EU guidelines on food donation. Retailers and wholesalers welcome these guidelines as supporting efforts to recover and redistribute food to those in need.

Small growth for Metro in 2016/2017

20/10/2017

Metro’s preliminary results show that the German retailer has achieved a 1.6 % growth in its 2016/2017 fiscal year. Even on a like-for-like basis, there was still a slight growth: Metro itself considers it to be a successful year.

Tepid summer leads to weaker ice cream sales for Unilever

19/10/2017

The past summer was not one with a lot of hot days and that has had its effect on Unilever’s ice cream sales. The division’s sales therefore slumped 6.7 %.

Danone alters management structure

19/10/2017

Danone has decided to alter its board structure. The position of chairman and CEO are now both occupied by current CEO Emmanuel Faber.

Difficult third quarter for Carrefour

18/10/2017

Carrefour’s quarterly results illustrate the major challenges the current CEO and his team face, especially in Western Europe. Belgian like-for-like turnover also dropped.

Sainsbury’s will cut 2,000 jobs

18/10/2017

British supermarket chain Sainsbury’s is to cut about 2,000 jobs in the United Kingdom, aiming to save up to 500 million pounds (560 million euro) in an attempt to compete with discounters.

Back to top