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

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.