Van de Velde SA
Lingerie business Van de Velde has today (8 January) reported a slight increase in full-year turnover, helped by gains made by its Rigby & Peller brand in Europe.
Lingerie business Van de Velde is to cut jobs as part of the restructuring of its Eurocorset business - and says it expects full-year turnover to be flat with the prior year.
Lingerie group Van de Velde has reported an 11.9% decline in first-half profit, with higher costs, lower sales, and a drop in wholesale turnover and gross margin all to blame.
Lingerie company Van de Velde warned that the “very tough” consumer market was likely to negatively impact earnings for fiscal 2013, amid signs of falling sales among independent retailers across Europe.
Belgian underwear group Van De Velde saw full-year net profit plunge as wholesale turnover fell, US sales declined and margin was hit by rising labour costs in China.
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