FRANCE: Vivarte looks to double international sales by 2020 - chairman
French retail group Vivarte, which owns a total of 22 clothing and footwear brands, is looking to double its international sales by 2020, according to its new president and CEO, Marc Lelandais.
Currently 20% of Vivarte's global turnover is generated from international business.
"By 2020, international sales should reach around 40% of our total sales,"' said Lelandais, who took the helm in July this year. "We are looking deploy a strategy of targeted growth. Beyond Europe, there are some very promising countries such as Mexico and Vietnam," he added.
Vivarte, whose brands include André, Naf-Naf, Minelli and Chevignon, is planning to open 45 stores in France next year and around 30 abroad, in addition to new Chevignon stores in China.
Owned by UK-based Charterhouse Capital Partners, Vivarte posted a 2011 turnover of EUR3.2bn, up 4.6% on the previous year. Its operating profit reached EUR450m.
It operates 4,500 sales outlets.
- Synergies Worldwide CEO unravels sourcing shifts
- Rana Plaza three years on – Timeline of change
- Bangladesh still needs reforms to fix factories
- First figures show Bangladesh exports climb
- Collaboration key to the future of smart textiles
- Hanesbrands to buy Pacific Brands for $800m
- BHS lacks relevance as it files for administration
- US Q1 in brief: Carter's, Columbia Sportswear, Ske
- Improving traceability a key industry challenge
- Aeropostale delisted from New York Stock Exchange